Raised Bill No. 307 proposes significant revisions to Connecticut's commerce statutes, particularly focusing on the Department of Economic and Community Development (DECD) and its role in managing film production and economic development initiatives. The bill repeals Section 32-1u and consolidates film production responsibilities under the DECD, establishing it as the primary contact for film, television, and digital media producers. It introduces a framework for issuing state film permits, which will require insurance and indemnification for the state. Additionally, the bill amends Section 32-286 to streamline the application process for qualified data centers, detailing investment requirements and extending agreements based on significant investments. The DECD will also oversee brownfield remediation efforts, integrating the previous Office of Brownfield Remediation and Development into its structure.

Moreover, the bill introduces the "Connecticut Small Business Boost" program, replacing the former Small Business Express program, and establishes a Connecticut opportunity fund to provide loans to eligible small businesses. It emphasizes support for first-generation and emerging businesses through the creation of a new advisory board and modifies the criteria for community development corporations. The bill also addresses concentrated poverty by mandating a ten-year plan to alleviate its effects, with specific grant programs and reporting requirements. Overall, Raised Bill No. 307 aims to enhance economic development, streamline permitting processes, and improve support for small businesses and community development initiatives in Connecticut.

Statutes affected:
Raised Bill: 32-1u, 32-726, 32-761, 32-7n, 10-397c, 32-9n, 32-352, 32-355, 32-357, 32-7q, 32-7s, 32-7x, 32-4e