Planning Conservation & Development Dept. Newsletter

Middletown Planning, Conservation & Development Newsletter- August 30, 2011

Hurricane Irene Business Assistance

The State of Connecticut, Department of Economic and Community Development has established a program to assist businesses negatively impacted by Hurricane Irene are eligible for assistance, including bridge financing and loans covering uninsured losses, through DECD. Highlights of this assistance include:

• Loans of up to $200,000 to companies for storm-related damage, including property, machinery and equipment, and working capital;
• Loan guarantees of up to $200,000 will be provided to banks and other lenders to spur local lending to businesses impacted by the storm;
• Grants will be available to businesses for assistance in disaster recovery, such as temporary help and training; and
• Technical assistance, linking businesses to a wide array of state and federal resources.

Agricultural businesses are eligible for funding.

Information for all services can be obtained by calling 1-860-270-8215. or go tohttp://www.ct.gov/ecd/cwp/view.asp?a=1097&q=485346

MIDDLETOWN STATISTICS REPORT- AUGUST 2011

↓ Local Economy-.Unemployed jumped up to 8.9%. Hiring in July was up slightly, but not enough to offset increases in unemployment.

↔ Housing- Foreclosures have decrease again for the 4th straight month. Sales continue their weak trends, but a housing correction should be reaching an end. The real estate market likely will not see sustained gains until employment rebounds.

↑ Web Presence- Web presence for Middletown has increased for a second month. Searches reveal a hot new restaurant downtown, Mondo.

Full Report can be found at: http://www.middletownplanning.com/documents/MStat_Report_Aug_2011.pdf

MEETINGS OF THE WEEK

Zoning Board of Appeals

Thursday, September 1 - CANCELLED

RECENT COMMISSION ACTIONS (Unofficial results)

You can find agendas, minutes and legal notices at www.middletownplanning.com

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