Contact: Dave Steuber
June 13, 2012
State Senator Carlo Leone (D-Stamford) announced early this morning that landmark job creation legislation, the “2012 Jobs Bill,” has won final passage in both houses of the General Assembly.
“Job creation remains my top priority, as too many people are still unemployed or underemployed. Tonight’s bill will expand the small business loan, grant, and employment subsidy programs created by both parties last fall. It will help these companies to grow, promote products made right here in Connecticut, and put more people back to work,” said Senator Leone.
He added, “This bill will also create a new version of the STEP UP job training and employment program, specifically for unemployed post 9/11 combat veterans. The unemployment rate among young veterans is over 30 percent, and we must do a better job of helping them adjust back into civilian life.
“This new initiative will help companies to hire veterans and provide them with on-the-job training, by paying part of their salaries over the course of six months. Combined with the existing $900/month state tax credit for each new veteran hired, every company should give strong consideration to a veteran to fill their next open position.”
Connecticut’s unemployment rate is currently 7.7 percent, nearly half a percentage point lower than the national rate of 8.1 percent. A recent study found that Connecticut has the second fastest growing economy on the East Cost, and the ninth fastest growing of any state.
Today’s legislation builds on a bipartisan jobs bill passed last October, which established a number of programs designed to help small businesses expand and hire new employees. The bill expands some of those programs, and introduces some new initiatives.
The legislation will:
Legislative Office Building
Hartford, CT 06106-1591
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