AN ACT CONCERNING COMMUNITY PARTNERSHIP OPPORTUNITY AGREEMENTS.

This bill creates a new program that allows private investors to fund community initiatives in economically disadvantaged areas, with repayment and bonuses tied to achieving specific performance goals. The program involves partnerships between the state Department of Economic and Community Development, community development corporations, service providers, and independent evaluators to deliver education or workforce training programs. Investors receive their capital back plus a performance-based premium only after an independent evaluator verifies that agreed-upon metrics, such as kindergarten readiness or grade-level reading proficiency, have been met. The bill establishes a five-year agreement structure that outlines performance timelines, service fees, and success payment schedules contingent on measurable outcomes.