Sen. McLachlan Supports Job Creation Bill

May 4, 2010

Bill seeking to create jobs and stimulate local economies passes unanimously out of the Senate

Hartford, CT- State Senator Michael McLachlan (R-Danbury) voted Saturday, May 1st, in support of HB 5435, An Act Concerning the Recommendations of the Majority Leaders’ Job Growth Roundtable. Major highlights of the bill include the creation of a:

  • Small business revolving loan fund;
  • Small business job creation tax credit;
  • Renewable energy sales tax exemption;
  • Tax credit for individuals investing in Connecticut start-up businesses; and
  • Green manufacturing pilot program.

“We have lost 101,000 jobs in CT in the past two years,” said Sen. McLachlan. “One of the things I commonly hear from my constituents, and primarily small businesses, is that Connecticut needs to be proactive in creating a business friendly environment and stimulating our economy. This bill is a good idea that accomplishes a number of great things, such as encouraging our graduates to stay here and generating jobs through the small business assistance program. This is great news for Connecticut and I was happy to vote in support of it.”

The bill which had previously passed the House with a wide margin, passed unanimously out of the Senate. It is currently awaiting action by Governor Rell and is expected to be signed into law in the near future.