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.(May Sp. Sess. P.A. 16-3, S. 15; P.A. 24-149, S. 11.)History: May Sp. Sess. P.A. 16-3 effective June 2, 2016; P.A. 24-149 replaced 'CTNext' with 'the department', effective July 1, 2024.
Connecticut Legal Code
§ 32-39o
Connecticut Title 32 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_581.htm#sec_32-39o· Version 2026