Politics & Government
State Awards $1.6 Million For New London Museum Project
The funds are part of $74 million that will go toward projects across the state.
NEW LONDON, CT — The State Bond Commission has approved $74 million in funding for the fourth round of grants under the Community Investment Fund 2030. Included in those funds is $1,620,357 for the Lyman Allyn Art Museum.
The grant will allow the museum to complete the Lyman Allyn Park, a 12-acre urban park with lighted walkways, sculpture gardens, an event stage, a water feature, and green spaces.
The state grant fund was created in 2022 to support economic development in historically underserved communities across Connecticut, according to a statement. The program is anticipated to release up to $875 million in grants over a five-year period.
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Eligible projects include capital improvements, such as those focused on affordable housing, brownfield remediation, infrastructure, and public facilities, as well as small business support programs that provide revolving loans, gap financing, microloans, or start-up financing.
“Each of these grants are focused on infrastructure improvement projects that will enhance the economic vibrancy of historically underserved neighborhoods and help these towns and cities revitalize their economic base,” Gov. Ned Lamont said in a statement. “I am glad that we could partner with each of these organizations on these projects so that we can drive growth in communities across Connecticut.”
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