Small Business Express Program has created 4,572 jobs since 2012
HARTFORD, Conn. – Connecticut’s State Bond Commission earmarked $10 million for the Small Business Express Program. Launched in 2012, the initiative has funded nearly 2,800 small businesses for capital investment and job creation.
Currently, the Department of Economic and Community Development is reviewing 358 applicants, 109 of which are in final review and seeking $21 million. To date, companies that have received funds have created 4,572 jobs and retained nearly 13,000 existing jobs.
Applicants must have had operations in Connecticut for 12 consecutive months, and recipients can use the money to acquire machinery and equipment, construct facilities or make leasehold improvements, cover moving expenses or meet working capital needs, including payroll.
Source: Republican American