NOTICE: We know many Connecticut businesses are struggling as they deal with the effects of COVID-19. We appreciate their perseverance and know they share our commitment to keeping our residents healthy. The state, working with its federal partners, has several programs and initiatives in place to assist businesses during this difficult period. For specific questions related to small business, email the Joint Information Center at COVID19.JIC@ct.gov, or call the DECD small business hotline at 860-500-2333. Individuals can call 2-1-1 for more information. For the most updated information, check ct.gov/coronavirus.com

Manufacturing Assistance Act

Overview

To support manufacturing projects that offer strong economic development potential, the State of Connecticut passed the Manufacturing Assistance Act, which funds direct loans to growing, eligible economic-based businesses.


Eligibility

This funding can be used to support a variety of initiatives, including:

  • planning for feasibility studies, engineering, appraisals, market studies and related activities;
  • acquisition of real property, machinery or equipment or any combination, provided such assistance does not exceed the fair market value;
  • construction of site and infrastructure improvements relating to a business development project;
  • construction/renovation/demolition of buildings;
  • relocation expenses for the purpose of assisting manufacturing or other economic-based businesses to locate, construct, renovate or acquire a facility;
  • working capital for a business development project;
  • business support services such as labor training, day care, energy conservation, pollution control, recycling and the like, in conjunction with other state agencies.

Additional Resources 

To learn more about all the resources available to manufacturers growing and/or relocating to Connecticut, visit this dedicated online portal: AdvancingManufacturingCT.com.