Canna-Business Revolving Loan Fund

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BOND AUTHORIZATION

Connecticut Public Act 21-1 authorized up to $50 million in general obligation bonds for the Department of Economic and Community Development (DECD) and the Social Equity Council (SEC) to jointly use for the following purposes:

 

  • Low-interest loans to social equity applicants, municipalities, or non-profits to rehabilitate, renovate, or develop unused or underused real property for use as a cannabis establishment.
  • Capital to social equity applicants seeking to start or maintain a cannabis establishment.
  • Development funds or ongoing CBRLF for the cannabis business accelerator program.
  • Development funds or ongoing expenses for the workforce training programs developed by the SEC.