Bill
H 307
Overview: H 307 - An Act supporting economic growth of downtowns and main streets.Purpose and Intent: The primary purpose of this bill is to provide support and resources for the e
Overview: H 307 - An Act supporting economic growth of downtowns and main streets.
Purpose and Intent: The primary purpose of this bill is to provide support and resources for the economic revitalization of downtowns and main street areas across the state. This is intended to help these important commercial and community hubs thrive and contribute to broader economic growth.
Key Provisions:
- Establishes a grant program to fund downtown and main street improvement projects, such as infrastructure upgrades, facade renovations, and public space enhancements.
- Creates a tax credit program to incentivize private investment in downtown and main street properties.
- Directs the state's economic development agency to provide technical assistance and planning support to municipalities for downtown and main street development initiatives.
- Requires the agency to develop a statewide strategy for downtown and main street revitalization.
Affected Parties and Impacts: This bill would directly benefit municipalities, local businesses, property owners, and residents in downtown and main street areas. The proposed programs and support are intended to spur economic activity, attract new investment, and improve the overall vitality of these important commercial districts.
Procedural and Timeline Considerations: The original H 307 bill has been accompanied by a new draft, H 4758. The status and next steps for this legislation are unclear from the information provided.
Compiled from official sources — confirm details with the bill’s official record.
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