How to Apply for the Connecticut Small Business Express Job Creation Incentive 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 Job Creation Incentive Loan Program:

* Employ not more than one hundred employees

* Have operations in Connecticut

* Have been registered to conduct business for not less than twelve months, and

* Be in good standing with the payment of all state and local taxes and with all state agencies



* Economic-based industries

* Businesses creating new jobs that will be maintained for at least 12 consecutive months


Eligible Expenditures Include:

* Training

* Marketing

* Working Capital

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


Terms & Conditions:

* Loan amounts from $10,000 to a maximum of $300,000

* Up to 4% interest rate

* Maximum 10-year term

* Commissioner may:

-Defer loan payments

-Forgive part of loan based on business’ attainment of job creation goals up to 50% of the loan

* DECD determines loan terms, conditions, and collateral requirements in a manner that prioritizes job creation and retention


Application Process:

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

Tom Scanlon has over thirty years experience in public accounting with an extensive background in the areas of financial, tax, and estate planning. He prides himself on providing in-depth and customized solutions to privately held businesses and their owners. He is a Certified Public Accountant and Certified Financial Planner®. Tom is a frequent speaker for area organizations and has  recently been quoted on CNBC, Fox 61 News and AARP's blog. Tom also has been a guest columnist for numerous publications including The Wall Street Journal, Barron's, Money Magazine, The Hartford Courant, The Hartford Business Journal, and The New Haven Register. He is a member of the American Institute of Certified Public Accountants, the Connecticut Society of Certified Public Accountants, and the Financial Planning Association. Active in the community, Tom supports a variety of not-for-profit organizations.

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