Expanding Aid for Small Businesses
Local businesses are at the heart of every community in Connecticut, but sadly over the past year, they have been disproportionately affected by COVID-19. While a number of great loan and grant programs have been established and implemented to provide aid, many small businesses missed out due to the sheer demand for assistance. In an effort to not only aid small businesses, but also bolster our local economies, my colleagues and I made it a priority to expand and incentivize the state's Small Business Express (SBE) Program by passing HB 6467.
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.