Middlesex County Revitalization Commission

Middlesex County Revitalization Commission has partnered with DECD to create loans and grants for job creation. 

What's the value to me?

If you are in Middlesex County and are looking for job creation loans or grants under $250,000.

Description & Overview

MCRC partnered with the Connecticut Department of Economic and Community Development (DECD) on its Small Business Express (SBE) program to leverage MCRC's funds with DECD's.

Eligible Uses

  • Purchase and/or renovation of owner-occupied commercial/industrial building
  • Purchase of equipment
  • Purchase of inventory
  • Working capital

Services

Business Loans

  • $10,000 to $100,000
  • 4% fixed for five years

Job Creation Loans

  • $10,000 to $250,000
  • 4% fixed for five years
  • Up to 50% for when job creation goals attained

Job Creation Grant

  • $10,000 to $250,000
  • Businesses must match MCRC grant

Criteria

  • Economic-based industries
  • Businesses creating jobs
  • Employee not more than 50 employees
  • Connecticut-based businesses with operations in Connecticut
  • Registered to conduct business in the state for at least 12 months
  • Be in good standing on all state and local taxes

Contact

Middlesex Chamber of Commerce
MIddletown, CT 06457

Paul Hughes
P: 860-347-6924 x 228
W: Middlesex County Chamber of Commerce

Phases:

Scale
Plateau

Related Debt