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Current as of January 01, 2025 | Updated by Findlaw Staff
No business facility shall be eligible to receive the benefits provided for a facility located in an enterprise zone if: (1) Such facility has relocated from an area that meets the eligibility criteria stated in section 32-70 for designation as an enterprise zone; or (2) such facility was originally located in a distressed municipality, as defined in section 32-9p, and relocated into a designated enterprise zone; provided in cases where the Commissioner of Economic and Community Development finds, in accordance with regulations that the commissioner shall adopt in accordance with the provisions of chapter 54, 1 that the relocation of the business facility will represent a net expansion of business operations or employment, or both, the business facility shall be eligible. For the purposes of this section, relocation is defined as the transferring of personnel or employment positions from one or more existing locations to another location.
Cite this article: FindLaw.com - Connecticut General Statutes Title 32. Commerce and Economic and Community Development § 32-75. Certain business facilities not eligible - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-32-commerce-and-economic-and-community-development/ct-gen-st-sect-32-75/
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