Social Equity Partner

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A Social Equity Partner is a business entity at least 65 percent owned and controlled by an individual or individuals, or the applicant is an individual, who: 

  • Had an average household income of less than 300 percent of, or three times, the state median household income over the last 3 tax years

AND, either 

  • Was a resident of a disproportionately impacted area for at least 5 of the past 10 years; OR  
  • Was a resident of a disproportionately impacted area for at least 9 years before the age of 18. 

Expanding producers have the option of entering into an agreement with a Social Equity Partner to provide them grow space, mentorship, and overhead costs, in exchange for a reduction in the cost of the expansion process. For more information, please see Section 21a-420l of the Connecticut General Statutes. 

 

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