Investing in Small Business

November 16, 2022

Local small businesses are the backbone of our economy, and it is important that the state encourage their success and growth by providing helpful assistance and support.

Recently, the state announced a five-year, $46.6 million investment to expand small business assistance programs across Connecticut, specifically helping small business owners who may have previously experienced barriers to accessing financial support. This initiative will also support startup businesses, which is great news for our economy.

At least 50% of the investment will fund underserved businesses such as minority, women, disabled, veteran owned companies, and residents in distressed municipalities.

Small Business

The following local nonprofit economic development organizations that support small business formation, growth, and innovation, will manage the funding.

The grant recipients are:

These grants will strengthen Connecticut’s small business sector and help fuel economic growth across the state. You can learn more here.