New Borrowers:
The Connecticut Development Authority requires that all borrowers receiving financial assistance adopt and implement an Affirmative Action Plan for equal opportunities in employment for minority members, women and the disabled prior to the closing of the loan(s). In addition, said plans shall be updated annually as long as the financing to the borrowers remains outstanding.
Once the request for financial assistance is submitted and receives board approval, borrowers will be mailed the appropriate Affirmative Action plan to complete and submit for review. As mentioned above, the Affirmative Action Plan must be approved prior to closing.
Existing Borrowers:
The Connecticut Development Authority requires that all borrowers complete Affirmative Action Plan updates annually as long as the financing of the borrower remains outstanding.
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