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Barbara Malmberg, PMP
Barbara Malmberg, PMP

DECD Commissioner Catherine Smith's "Reinventing Connecticut" PowerPoint Presentation.

Business
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www.decd.org Catherine H. Smith Commissioner
 
 
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Southeastern Connecticut Enterprise Region Region of Operation: South Eastern Connecticut Website: www.secter.org Middlesex County Revitalization Commission Region of Operation: Middlesex County Website: www.middlesexchamber.com Waterbury Development Corporation Region of Operation: Naugatuck Valley Area Website: www.wdconline.org HEDCO Inc. Region of Operation: Statewide Website: www.hedco-ghbdc.com Community Economic Development Fund (CEDF) Region of Operation: Statewide Website: www.cedf.com Community Capital Fund Region of Operation: Greater Bridgeport Website: www.commcap.org Connecticut Community Investment Corporation (CTCIC) Region of Operation: Statewide Website: www.ctcic.org The following lending partners work in conjunction with DECD in implementing programs:
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Csra road tour_(jw)

  • 1. www.decd.org Catherine H. Smith Commissioner
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  • 20. Southeastern Connecticut Enterprise Region Region of Operation: South Eastern Connecticut Website: www.secter.org Middlesex County Revitalization Commission Region of Operation: Middlesex County Website: www.middlesexchamber.com Waterbury Development Corporation Region of Operation: Naugatuck Valley Area Website: www.wdconline.org HEDCO Inc. Region of Operation: Statewide Website: www.hedco-ghbdc.com Community Economic Development Fund (CEDF) Region of Operation: Statewide Website: www.cedf.com Community Capital Fund Region of Operation: Greater Bridgeport Website: www.commcap.org Connecticut Community Investment Corporation (CTCIC) Region of Operation: Statewide Website: www.ctcic.org The following lending partners work in conjunction with DECD in implementing programs:
  • 21.

Notes de l'éditeur

  1. Financial assistance is in the form of: Access to capital : Revolving Loan Funds Incentive loans and grants to create jobs : Job Creation Incentives Job Creation Matching Grants
  2. Employees hired between January 1, 2012 and January 1, 2014 are eligible for this program.
  3. DECD – Existing tools: Small Business Revolving Loan Fund – eligible to CT based businesses with less than 100 employees. Loan amounts up to $500,000 at 4% Manufacturers Assistance Act – traditional lending tool with flexible terms and rates Enterprise Zone Benefits Urban Reinvestment Tax Credit – tax credits for projects over $5,000,000 Job Creation Tax Credits CDA Tools: Loan guarantees and supplemental insurance for small or early stage companies unable to meet standard bank underwriting criteria (URBANK) Direct loans - $250,000 to $5 million Participating loans with your bank - $250,000 to $5 million Guaranteed loans – credit enhancement guarantee to private-sector lenders Line of credit to term loans - $250,000 to 1 million Capex – one year line converts to term loan