Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective July 1, 2018) (a) The Commissioner of Economic and Community Development, for the fiscal years ending June 30, 2019, to June 30, 2023, inclusive, shall annually provide grants-in-aid to the regional workforce development boards for the purpose of funding advanced manufacturing training programs, including, but not limited to, all components of the Eastern CT Manufacturing Pipeline Initiative administered by the Eastern Connecticut Workforce Investment Board.
(b) Grants-in-aid provided in accordance with this section shall total the following amounts: (1) One million dollars for the fiscal year ending June 30, 2019; (2) two million dollars for the fiscal year ending June 30, 2020; (3) two million dollars for the fiscal year ending June 30, 2021; (4) two million five hundred thousand dollars for the fiscal year ending June 30, 2022; and (5) two million five hundred thousand dollars for the fiscal year ending June 30, 2023.
Sec. 2. (Effective from passage) The president of the Connecticut State Colleges and Universities shall make efforts to enter into a memorandum of understanding or other agreement to provide not less than one thousand square feet of existing, unused laboratory space on the campus of Three Rivers Community College to the Eastern Connecticut Workforce Investment Board for training related to the plastics manufacturing industry.
Sec. 3. (NEW) (Effective July 1, 2018) Not later than January 1, 2019, and every three years thereafter, the Commissioner of Economic and Community Development shall submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committees of the General Assembly having cognizance of matters relating to commerce and finance, revenue and bonding. Such report shall include a comprehensive review of the capital needs of businesses engaged in the manufacture of submarines in the state for the current fiscal year and the succeeding three fiscal years and legislative recommendations for the state to meet or provide relief to such businesses for such capital needs. The commissioner shall consult such businesses in the process of conducting the study submitted pursuant to this section.