Connecticut

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.

Connecticut received a $10 million federal TIGER grant to build a second platform at New Haven's State Street Station, which state officials say will minimize delays.

Fitch placed A-plus rated bonds issued on behalf of Backus Hospital in Norwich, Conn., on watch, citing uncertainty about its agreement with Hartford HealthCare.

Gov. Dannel Malloy, flanked by state officials, announced on Monday a $159 million investment in affordable multifamily housing initiatives statewide.

Connecticut on Wednesday launched a nonprofit grant program, a state bond pool earmarked for community-based organizations that provide health and human services through contracts or agreements with state agencies.

Moody's downgraded Bridgeport, Conn.'s general obligation rating to A2 from A1 Monday afternoon and revised the outlook to negative from stable.

The Connecticut Airport Authority's board of directors voted to create an economic development incentive zone at Waterbury-Oxford Airport, said Gov. Dannel Malloy.

Fitch handed New Haven, Conn., its latest downgrade, citing eroded reserves in assigning A-minus. City officials say they were disappointed but understood the move.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

Connecticut will begin a two-day retail period on Monday for its $500 million general obligation bond sale. The institutional sale is Wednesday.

Connecticut's pension funds generated a preliminary investment return net of expenses of 11.5% for fiscal 2013, Treasurer Denise Nappier said.

Connecticut's Bond Commission on Friday approved more than $537 million in state funds to finance transportation construction and maintenance projects.

Connecticut Gov. Dannel Malloy announced $18 million in funding through a microgrid storm-protection pilot program designed to keep critical buildings powered during electric grid outages.

Gov. Dannel Malloy appointed Michael Cantor of Cantor Colburn to serve as chairman of Connecticut Innovations, a high-tech oriented quasi-public agency.

Connecticut leaders mourned the death of Donald Irwin, 86, who served two terms in Congress and a two-year term as state treasurer.

The University of Connecticut this week will sell $225 million GO new money and refunding bonds, to fund work on its health center and other campuses.

Fitch revised its outlook on Connecticut's GO bonds to negative, but state budget director Ben Barnes does not expect the change to push up borrowing costs.

Three new advanced manufacturing centers at community colleges across Connecticut will receive $7.3 million for facility and equipment upgrades that the state's Bond Commission approved.

A New Haven official acknowledged the need to plug a budget deficit after Moody's issued the Connecticut city its second downgrade in two months.

Connecticut's $37.6 billion budget is en route to Gov. Dannel Malloy after the state Senate on Monday night approved the biennial spending plan by a 19-17 vote.