Marilyn Moore

Community Investment Fund Board Approves over $22 million in Funding to Support Projects in Bridgeport

Today, the board for the Community Investment Fund met to approve more than $100 million in funding to support projects in towns and cities statewide, including $22,500,000 in CIIF funding to demolish the PSEG decommissioned coal plant in Bridgeport.

“It’s always such great news when Bridgeport receives well-deserved funding to work toward completing necessary projects that will improve the city,” said Sen. Moore, CIF board member. “I am thankful to members of the CIF board for approving this funding. Demolishing the coal plant that has been offline since 2021 will allow for future redevelopment projects. Since 2021, there has been a negative impact on the health of an environment justice community and demolishing the plant is the first step in making the surrounding area healthy and safe. Taking down the coal plant will also remove the blighting influence it has on the neighborhood and re-connect the city to the harbor.”

Developed to foster economic development in historically underserved Connecticut communities, this is the latest in $875 million in total statewide investments for municipalities, nonprofits and community development corporations to support capital improvement, small business capital and planning projects around the state.

Members of the board include state Senate and House leaders, commissioners of state departments, state elected leaders and representatives from Governor Lamont’s administration.