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The Day - Norwich utilities board agrees to boost funding for city economic development agency


Norwich  The financial outlook for the Norwich Community Development Corp. has improved greatly this spring after the agency’s two main funding sources plan to boost allocations for the first time in over a decade to support its economic development activities.
NCDC in January had asked the City of Norwich and Norwich Public Utilities to each increase their annual $150,000 contribution by $125,000 to help meet the increased expenses and growing staffing needs of the agency.
Neither entity will meet that request, but late Tuesday, the Norwich Board of Public Utilities Commissioners voted unanimously to increase its allocation to NCDC by $75,000, to $225,000, starting with the 2021-22 fiscal year in July. Norwich City Manager John Salomone included an additional $50,000 for NCDC, bringing the city’s total contribution to $200,000. ....

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