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.
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.
