Public Investment Community Index
Program Description
The Office of Policy and Management (OPM) prepares the Public Investment Community (PIC) index not later than July 15 annually, pursuant to §7-545 of the Connecticut General Statutes (CGS).
The PIC index measures the relative wealth and need of
Pursuant to CGS §7-545 the PIC index includes each town that has a cumulative point ranking in the top quartile of the PIC Index (i.e. the 42 towns with the highest number of points). When a town’s ranking falls below the top quartile in a given fiscal year, the town's designation as a Public Investment Community continues for that year and the following four fiscal years. As a result, the PIC index includes certain towns carried over from previous fiscal years.
The PIC index determines eligibility for several financial assistance programs that various agencies administer. The following chart summarizes these programs.
Program |
Description |
Administering Agency |
CGS Citation |
Urban Action Bond Assistance |
Funding for certain physical development projects |
Office of Policy and Management |
§4-66c |
Community Economic Development Program |
Funding for small businesses and community projects that create jobs or physically improve distressed neighborhoods |
Department of Economic and Community Development |
§8-240k to §8-240n |
Residential Mortgage Guarantee Program |
Loans to cover down payments on home mortgage loans |
|
§8-286 |
Malpractice Insurance Purchase Program |
Malpractice liability insurance for eligible health care professionals providing primary health care services to low-income patients at community health care centers |
Department of Public Health |
§19a-17m |
Enterprise Corridor Zone Designation |
Certain Public Investment Communities may request Enterprise Corridor Zone designation (a prerequisite for corporate business tax credits and certain property tax relief programs for eligible claimants) |
Department of Economic and Community Development |
§32-80 |
Most of the towns included on the PIC index are eligible to elect for assistance under the Small Town Economic Assistance Program (STEAP) in lieu of Urban Action Bond assistance, pursuant to CGS §4-66g(b). An eligible town’s legislative body (or its board of selectmen if the town’s legislative body is the town meeting) must vote to choose STEAP assistance and the town must notify OPM following the vote. STEAP election is valid for four years and the statute allows extensions for additional four-year periods.
STEAP election is not available for
Download the FY 2020 Public Investment Community Index - revised (.xlsx)
Download the FY 2019 Public Investment Community Index - revised (.xlsx)
Download the FY 2018 Public Investment Community Index - revised (.xlsx)
Download the FY 2017 Public Investment Community Index (.xlsx)
Download the FY 2016 Public Investment Community Index (.xlsx)
Download the FY 2015 Public Investment Community Index (.xlsx)
Download the FY 2014 Public Investment Community Index (.xlsx)
Download the FY 2013 Public Investment Community Index (.xlsx)
Download the FY 2012 Public Investment Community Index (.xlsx)