DECD: DECD Financing

	The Connecticut Advantage
	Tax Incentives
	Financing
	Technical Assistance
	International
	Site Selection
	Success Stories
	Compliance
	Research
	Publications
	Press Room

{Calendar}

{eAlerts}

Department of Economic & Community Development

505 Hudson Street

Hartford CT 06106

Financing

Growing businesses need capital, and no state realizes and responds to that need better than Connecticut. Whether the financing requirement is of equity investment, fixed asset purchases of land, working capital, or buildings, machinery and equipment, there are a multitude of financing programs available to support businesses large and small.

State programs include direct funding from the Department of Economic and Community Development, Connecticut Development Authority and Connecticut Innovations. In addition, there is a network of local and regional revolving loan funds across the state to assist businesses with their financing needs.

DECD Financing

Full Color PDF Version

Economic and Manufacturing Assistance Act (MAA) – Incentive driven direct loans for projects when there is a strong economic development potential

Eligible uses for MAA funds

Planning, including but not limited to: feasibility studies, engineering, appraisals, market studies and related activities
Acquisition of real property, machinery or equipment or any combination, provided such assistance does not exceed the fair market value
Construction of site and infrastructure improvements relating to a municipal or business development project
Construction/renovation/demolition of buildings
Relocation expenses for the purpose of assisting manufacturing or other economic-based businesses to locate, construct, renovate or acquire a facility
Working capital in conjunction with a business development project
Business support services such as labor training, day care, energy conservation, pollution control, recycling and the like, in conjunction with other state agencies

Financing Partners

Connecticut Development Authority (CDA) – Financing to businesses when private-sector lenders cannot
Connecticut Innovations (CI) – Stimulating high-tech growth in Connecticut
Community Economic Development Fund (CEDF) – Loans and technical assistance to small businesses, and grants to community organizations for economic development projects
Connecticut Venture Group (CVG) – Assisting the development of high-growth enterprises through the promotion of capital formation

Regional Lending Partners

NORTH CENTRAL REGION

EASTERN REGION

SOUTH CENTRAL REGION

NORTHWEST REGION

SOUTHWEST REGION