The Commissioner of Economic and Community Development may forgive a portion of any state assistance received by a technology-based business and owed to the state if such business participates in a mentorship network established by the department. The commissioner shall develop a formula to calculate such state assistance forgiveness based on the hours of mentorship provided by any such business.
Conn. Gen. Stat. § 32-39o
Forgiveness of received state assistance for participation in mentorship network
Known as the Innovation Capital Act
The act spans §§ 32–32 (74 sections).
(May Sp
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.