Page 6 - Thomas Hyde News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Amazon’s plan to curb its aggressive logistics network expansion following a $3.8 billion first-quarter net loss has sent tremors of unease through some Connecticut communities where the e-commerce giant was eyeing new distribution facilities — a potential source of significant new jobs and tax revenues. In Plainfield, Town Planner Mary Ann Chinatti read with apprehension news spilling out of Amazon’s April 28 earnings report. A roughly 200,000-square-foot “last-mile” fulfillment center under construction in her town just off Interstate 395 is expected to bring 400 to 600 jobs.

Hartford, Waterbury, New Haven, New Britain and 41 additional “historically underserved” communities in Connecticut can now apply to an $875 million state grant pool for community investments. The taxpayer-funded “Community Investment Fund 2030” could help eligible municipalities and their economic development agencies pay for infrastructure upgrades, brownfield remediation, public facilities, new affordable housing and small business assistance programs.

NAUGATUCK -- Borough officials approved to sell land in the Naugatuck/Waterbury Industrial Park to Bluewater Property Group to allow the development company to officially begin a due-diligence phase and determine if plans to build an Amazon distribution facility are feasible. The Board of Mayor a

Municipal leaders in Waterbury and Naugatuck signed off on a $2.5 million sale of a 157-acre property with portions in both communities for redevelopment into a massive Amazon distribution center. The approval sets off a due diligence period of up to 18 months for Bluewater Property Group, the Pennsylvania-based developer behind the Amazon proposal. Bluewater would have another year to begin construction, Hyde said.

The municipalities of Waterbury and Naugatuck have each approved a purchase agreement deal with Bluewater Property Group, a hopeful developer of the next Amazon distribution center in the state. But the developer must spend millions to determine if they can build.