A regional corporation awarded a grant by the corporation under section 32-267 shall use such grant to provide financial assistance to businesses for projects that demonstrate a substantial likelihood of providing increases in net new permanent jobs or retaining jobs in businesses that need such financial assistance to remain viable.
Conn. Gen. Stat. § 32-271
( P.A. 92-236, S. 12, 48; June 12 Sp. Sess. P.A. 12-1, S. 152.)