Small Business Express Program
The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth.
Small businesses with operations in Connecticut, registered to conduct business for not less than twelve months, in good standing with all state agencies and with the payment of all state taxes, and employing not more than 100 employees, are eligible to apply. Priority for available funding will be given to those eligible applicants who (1) are creating new jobs and (2) are within Connecticut’s economic base industries, as defined in Connecticut General Statutes 32-222, including but not limited to: precision manufacturing, business services, green and sustainable technology, bioscience, and information technology sectors.
Effective for new applications received after October 1, 2015: Each eligible small business applicant receiving financial assistance under the Small Business Express Program will be required to retain its contracted employment obligations for a period of twenty-four (24) consecutive months.
Applying for financial assistance
If you need assistance with a business plan, cash flow projections, marketing plan or other business planning documents in order to complete your Small Business Express application, the Connecticut Small Business Development Center (CTSBDC) is available to help. For no-cost confidential business advising services provided to small businesses located throughout the state, visit CTSBDC.com or contact CTSBDC at (855) 4CT-SBDC or CTSBDC@uconn.edu.
To apply to the EXP program, each applicant must complete and submit:
Applicants must be in good standing with the payment of state and local taxes and state agencies. If the applicant has outstanding obligations, these issues must be resolved prior to the submission of the application. The Connecticut Department of Revenue Services can be reached at (860) 297-5962 and the Connecticut Department of Labor can be reached at (860) 263-6000.
Each application package may be transmitted either by
- completing the EXP application online and then transmitting the required supporting documents transmitted separately via email, U.S. mail, courier or hand delivery to the DECD, or
- completing and including the one-page EXP application with the required supporting documents and transmitting via email, U.S. mail, courier or hand delivery to the DECD.
- If your business exports internationally, please fill out the Strategic Export Plan.
All documents and information related to each application should be sent to the attention of:
Once all completed materials are submitted, DECD is required to follow a comprehensive due diligence process.
Please note: Applicants who have been denied for substantive issues, excluding DRS and DOL issues, will need to wait at least 12 months before reapplying to the Small Business Express Program. All outstanding concerns identified in the denial must be addressed prior to reapplying to the Program.
(Statutory Reference: Connecticut General Statutes Sec. 32-7g, as amended by the June 12 Special Session, 2012, HB-6001)