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

Tax Increment Financing

Overview

The Connecticut Department of Economic and Community Development (DECD), in conjunction with Connecticut Innovations, can work with developers and municipalities to structure Tax Increment Financing (TIF) mechanisms to facilitate Brownfield redevelopment projects funding through future property taxes. TIF can also be used alongside other eligible funding sources.

Contact

To request information about the Brownfields TIF program, please visit Connecticut Innovations. You may also contact Cynthia Petruzzello at (860) 258-7833 or cynthia.petruzzello@ctinnovations.com.