Expanding Aid for Small Businesses
Although local businesses were disproportionately affected by COVID-19, many did not benefit from loan and grant programs due to the sheer demand for assistance. In an effort to aid small businesses and bolster our local economies, my colleagues and I passed HB 6467 to expand the state's Small Business Express (SBE) Program.
This bill implements extensions to SBE to support small businesses, distressed municipalities, and opportunity zones in Connecticut. Funding from this program will help small businesses in our district to create additional jobs, acquire assets, and expand business operations.
There is still a long road ahead as both our community and state continue to work towards better days. This bill, along with many others voted on this session will help make the challenges we face ahead a little easier.