Lamont signs bill that could aid Valley Development Corp mycitizensnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycitizensnews.com Daily Mail and Mail on Sunday newspapers.
Thomas Hyde. Contributed
WATERBURY The board of the Naugatuck Valley Regional Development Corp. has adopted a nearly $450,000 operating budget for the coming fiscal year. Waterbury Mayor Neil M. O’Leary and Naugatuck…
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By Andreas Yilma, Staff Writer
NAUGATUCK â The borough will pay about 30% of the salary for the CEO of the newly formed Naugatuck Valley Regional Development Corp. next fiscal year.
The Board of Mayor and Burgesses on April 27 unanimously approved paying $45,000 of Naugatuck Valley Regional Development Corp. CEO Thomas Hydeâs $150,000 salary. Waterbury is paying the rest, according to officials.
Naugatuck and Waterbury launched the regional development agency last January with the intent that the quasi-public corporation will be responsible for large-scale economic development efforts with multi-town benefits and involvement.
âHaving that unified voice in the Valley, the area can get a larger share of the funding that is available,â Hyde said. âThat is the hope.â
By Andreas Yilma, Staff Writer
NAUGATUCK A proposed agreement between the Naugatuck Economic Development Corporation and Beacon Falls is on hold.
In February, the Beacon Falls Board of Selectmen unanimously approved an agreement with the NEDC to provide economic development services for the town from March 1 through June 30. The NEDC board of directors subsequently formed a subcommittee to review and possibly propose changes to the agency’s bylaws to make sure there were no liability issues.
NEDC President Ronald Pugliese said during the NEDC’s March 22 meeting that he spoke with Beacon Falls officials and the agreement is on pause for the time being.
Lamont s budget recommends more trains for Waterbury line mycitizensnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycitizensnews.com Daily Mail and Mail on Sunday newspapers.