Saturday, June 13, 2009

"The objective is economic development"

Milford Daily News
Posted Jun 12, 2009 @ 11:40 PM


Even in the midst of a recession, state Rep. James E. Vallee, D-Franklin, knows how to secure money for his towns: "persistence and tenacity."

"You wear them down. Essentially, you just keep running at them, and hopefully you can convince them," said Vallee, the new House majority leader.

After five years of pushing, Vallee said Franklin has been awarded $1 million in state funds for improvements to downtown. That money is separate from a $5 million federal grant.

The $1 million, available through a public works economic development grant, will pay for improvements to Main Street, Dean Avenue, Depot Street to Ray Street, and a municipal parking lot on Depot Street, Vallee said.

Read the full article about this state grant in the Milford Daily News here

The grant will help economic development efforts downtown. It will allow Franklin to spend less of its own money to do the work required. While the grant can not be used to offset our operational budget problems, the grant will help the overall budget by avoiding the expense of additional debt. Our debt to operations ratio will remain low.

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