The Small Business Express Program (Under DECD)

The Small Business Express Program (Under DECD) The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth. 

What's the value to me?

If you are looking for loans and grants for job creation and capital purchases.

Description & Overview

The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth.

Services

Access to capital:

  • Revolving Loan Fund- $10,000 to a maximum $100,000 and can be used for:
    • Purchases of machinery and equipment
    • Construction or leasehold improvements
    • Relocation costs
    • Working capital
    • Other business-related expenses as authorized by the Commissioner of the DECD

Incentive loan and grant funds to create jobs:

  • Job Creation Incentive Loan- $10,000 to a maximum $100,000 and can be used for:
    • Training
    • Marketing
    • Working capital
    • Other business-related expenses as authorized by the Commissioner of the DECD
  • Matching Grant- - $10,000 to a maximum $100,000 and can be used for:
    • Training
    • Working capital
    • Purchase of machinery and equipment
    • Construction or leasehold improvements
    • Relocation within state
    • Other business-related expenses as authorized by the Commissioner of the DECD

Criteria

  • Priority given to economic-based industries (precision manufacturing, business services, green and sustainable technology, bioscience, and information technology sectors.)
  • Employ not more than 100 employees
  • Have operations in Connecticut
  • Have been registered to conduct business for not less than 12 months
  • Be in good standing with the payment of all state and local taxes and with all state agencies

Contact

505 Hudson Street
Hartford, CT 06106

Michelle Peters
W: Department of Economic and Community Development

Phases:

Scale
Plateau

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