AN ACT CONCERNING COMMUNITY PARTNERSHIP OPPORTUNITY AGREEMENTS.

Summary

The bill authorizes the Department of Economic and Community Development to enter five‑year Community Partnership Opportunity Agreements with certified community development corporations, private investors and service providers to deliver early‑childhood, literacy or workforce training in economically disadvantaged Connecticut communities. Investors supply capital and, if independent evaluators verify that specific performance metrics—such as increased kindergarten‑readiness, third‑grade reading proficiency, or industry‑credential attainment and job placement—are achieved, they are repaid their capital plus a performance‑based premium. The program seeks to boost educational outcomes and job skills while offering a financial return to participating investors.

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