• Financing Programs
• Tax Incentives
• Industry Clusters
• International Trade

Financing Programs

A wide range of financing options are available on state and local levels to stimulate the growth of Connecticut businesses and attract new businesses to the area. For more information on these and other programs, or if your business would like help determining financing eligibility, contact Enfield Business Park.


Connecticut Department of Economic & Community Development (DECD) Financing

DECD provides incentive-driven, direct loans to businesses for a variety of projects through the Office of Business and Industry Development, the Economic & Manufacturing Assistance Act, the Small Manufacturers Competitiveness Fund and other programs.


The Connecticut Development Authority (CDA)

CDA provides a broad spectrum of loan guarantees and direct loans for working capital, equipment and real estate.

• SBA 504 Loan Program, administered by CDA, provides fixed rate, long-term financing for established small businesses.



• Technology-Intensive Business and Project Financing encourages the growth of technology-intensive projects in Connecticut. Proceeds may be used for term working capital, software, hardware, and infrastructure, machinery and equipment or the purchase, construction or expansion of facilities.



• URBANK provides loan guarantees to help business that employ between 50 and 200 workers. Loans can be used for working capital, lines of credit, purchases of equipment and real estate, as well as other uses.

• BioScience Facilities Fund helps qualified firms build out wet laboratory and related space to propel Connecticut's bioscience industry.



• Connecticut BioSeed Fund enables young biotech companies to develop ideas and attract "Series A" financing by providing developmental stage monies, up to $500,000.



• Clean Tech Fund invests in early-stage companies focused on innovations that conserve energy and resources, protect the environment, or eliminate harmful waste. A company may receive up to $1 million from the fund.



• Eli Whitney Fund typically invests up to $1 million as a single investor, or works with other qualified investors, to provide Connecticut-based, technology companies with early-stage funding. The investment team also offers mentoring and management and marketing support.



• Seed Investment Fund provides technology entrepreneurs with seed financing up to $500,000. Investments are structured as equity (preferred stock), convertible debt, or debt with warrants depending on the circumstances of the individual deals.



• The Pre-Seed Support Services Program helps innovative, high technology entrepreneurs develop companies in Connecticut by funding such support services as intellectual property reviews, technology reviews, market analyses and business plan development.

• SBA Loan Guarantees help small companies start, expand and prosper.



• Microloan Program provides small business with loans from $500 up to $35,000 for inventory purchases and working capital. Money can be used to leverage loans up to $10,500.



• 504 Certified Development Corporations provide established small business with fixed rate, long-term loans to purchase equipment and real estate.



• Small Business Innovation Research Program (SBIR) incentivizes small business to explore and commercialize technology.



• Small Business Technology Transfer (STTR) expands funding opportunities in the federal innovation research and development arena to foster scientific and technological innovation.