Nonprofits

Connecticut is providing $3 million to local nonprofits facing a loss of federal funds. Gov. Ned Lamont signed the bill into law at the Connecticut Center for Refugees and Immigrants in Bridgeport on Monday.

Connecticut Gov. Ned Lamont presented his budget proposals last week, including $157 million for nonprofits over the next two years. That's an increase from the current state budget cycle — but the sector is also dealing with the loss of millions of dollars in pandemic-era federal funding.

Connecticut nonprofit social service providers want more money this year, as Gov. Ned Lamont prepares to release his budget proposals next month.

Some 700 arts and culture organizations in Connecticut are starting the new year without a $10.7 million pot of grant funding they used to have access to for operating costs. Yet, a recent report shows a key impact on communities of color and its contribution to the state’s economy.

Fairfield County’s final Giving Day raised $1.7 million for 360 nonprofits in the area. More than 14,000 donations were made in 24 hours.

Connecticut officials are projecting that the state will continue to have a significant budget surplus for the next four years.

10 nonprofits will receive access to $400,000 worth of grants to eliminate educational disparities in Fairfield County.

The Community Investment Fund will help revive micro-loan programs and create start-up funding to establish small businesses throughout the state.

Before 2022, nonprofits had not seen a budget increase since 2007. Pending Governor Ned Lamont’s approval, more cash could be on its way.

Governor Lamont has negotiated a $75 million incentive package with Lockheed Martin.