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The round-the-clock efforts of a largely remote workforce establishes Chelsea Groton as leader in PPP Loans, Mortgages and Places to Work in Eastern CT GROTON, Conn., May 4, 2021 (SEND2PRESS NEWSWIRE) — Chelsea Groton Bank reported impressive financial, educational, technical and community-based accomplishments at its 166th Annual Meeting which was conducted over Zoom on Tuesday, April 27, 2021. President and CEO Michael Rauh presented the Bank’s 2020 results to Bank officers, Board members and Corporators. “Our focus has always been on helping individuals, families and busi...

Finance committee approves community block grant plan; moves to full city council Finance committee approves community block grant plan; moves to full city council By Region 8 Newsdesk | April 27, 2021 at 9:30 PM CDT - Updated April 27 at 11:20 PM JONESBORO, Ark. (KAIT) - The city of Jonesboro Finance & Administration Council Committee voted Tuesday to forward one ordinance and two resolutions to the full council. The ordinance would authorize bonds of no more than $65 million to be issued to Nice-Pak Products, Inc. for acquiring, constructing, and equipping a facility within the city. T...

jwhittaker@post-journal.com If the budgets proposed by the state Senate and Assembly are any indication, then New York is about to spend a record amount of money in the coming year. The state Assembly has released a $208.3 billion All Funds budget proposal that increases spending $12.2 billion, or 6.3%, from Gov. Andrew Cuomo’s executive budget proposal. The state Senate’s one-house budget, meanwhile, increases school aid alone by $5.7 billion. Both proposals come with a slew of new taxes on high wage earners — the Senate raises $8.2 billion in new taxes in 2021-22 while the Assembly r...

The proposed $24.67 million taxpayer-backed deal to partially finance SouthEast Development Group LLC’s planned historic Laura Street Trio renovation Downtown cleared its first hurdle March 15.  The Downtown Investment Authority’s Strategic Implementation Committee voted 3-0 to advanced the deferred and forgivable loan package for the full board’s consideration March 17. If approved, City Council could take the final vote on the incentive agreement by the end of June for SouthEast’s $70.48 million proposal to adapt the vacant structures into a 145-room Marriott Autograph Hotel with a...

SouthEast Development Group LLC’s plans to renovate the historic Laura Street Trio Downtown could receive $24.67 million in city-backed incentives under a proposed deal with the Downtown Investment Authority. The pending agreement negotiated by DIA staff includes forgivable and deferred loans for SouthEast’s $70.48 million project. The project will adapt the vacant historic structures into a Marriott Autograph Hotel with a restaurant, lounge and ground-floor retail, according to documents submitted for the DIA Strategic Implementation Committee’s March 15 meeting.  If approved, the nea...