How to Apply for the Connecticut Small Business Matching Grant Program

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The state of Connecticut Small Business Express Program (“EXP”) was designed to provide loans and grants to Connecticut small business to spur growth and job creation. The program offers access to capital and incentives for loans and grant funds to provide jobs as follows:

 

 

 

 

For Access to Capital:

* EXP Revolving Loan Fund

 

For Incentive Loan and Grant Funds to Create Jobs:

* EXP Job Creation Incentive Loan

* EXP Matching Grant

 

To be Eligible for the EXP Matching Grant Program:

* Employ not more than 100 employees

* Connecticut based business with operations in Connecticut

* Registered to conduct business in this state for at least 12 months

* Be in good standing on all state and local taxes

 

Priority:

* Economic-based industries

* Busiensses likely to maintain job growth

 

Eligible Expenditures:

* Training

* Working Capital

* Purchase of Machinery and Equipment

* Construction or leasehold improvements

* Relocation within the state

* Other business-related expenses as authorized by the Commissioner of DECD

 

Terms and Conditions:

* Grant amounts from $10,000 to a maximum of $100,000

* Business must match state grant award dollar for dollar

* DECD prioritizes on likelihood of applicant maintaining job growth

 

Application Process:

To apply business owners must submit the application.  There are program guidelines to assist you.

About the author:

Tom Scanlon, CPA, CFP®

Tom Scanlon has over twenty-five years experience in public accounting with an extensive background in the areas of financial, tax and estate planning. Find Tom on Google+

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