What grants and loans does Connecticut have for manufacturers?
Manufacturing is responsible for generating about 11% of CT's gross state product and exports by state manufacturers make up about 92% of Connecticut's total exports, valued at over $15B a year.
Connecticut's Manufacturing Innovation Fund
The state currently supports a $75M manufacturing fund. Companies can benefit from help such as:
- Matching grants of up to $50K for funding expertise and new equipment
- Grants of up to $50K for companies who focus on green energy updates
Visit Manufacturing.CT.gov to learn more.
CT's Manufacturing Assistance Act
Connecticut also funds direct loans to qualified manufacturing companies. These funds can be used for:
- Working capital for business development initiatives
- Planning for market studies, feasibility studies, appraisals, engineering and related areas
- Acquiring machines, equipment, real property at or below fair market value
- Constructing infrastructure improvments and sites for business development
- Constructing, demolishing, or rennovating buildings
- Funding for services that support manufacturing businesses such as day care, pollution control, recycling, day care, labor training, etc. "in conjunction with other state agencies"
- Relocating, constructing or acquiring a facility to assist manufacturing or other related economic-based businesses
- And more!
For more information, please contact Carmen Molina-Rios at Carmen.Molinarios@ct.gov or 860-500-2314.
More Resources
Visit Manufacturing Businesses to connect with more resources.