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State and Federal Financing
State and Federal Financing
State and federal sponsored funding is available to businesses statewide. The following are a few of Connecticut's options.
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DECD Financing - Provides incentive-driven direct loans for projects when there is strong economic development potential.
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Connecticut Innovations - Dedicated to technological development and making risk capital investments in high-technology companies throughout the state. CI focuses on technology sectors that present the greatest potential for growth - bioscience, information technology, photonics/applied optics and energy/environmental systems.
- CT BioScience Facilities Fund - helps qualified firms build out wet laboratory and related space to propel Connecticut's bioscience industry.
- CT BioSeed Fund - enables young biotech companies to develop ideas and attract "Series A" financing by providing developmental stage monies and expertise.
- CT Clean Energy Fund - an investment fund created to promote the production and use of clean energy in Connecticut.
- Eli Whitney Fund - provides early stage funding for Connecticut-based technology companies.
- Pre-Seed Support Services Program - helps innovative high technology entrepreneurs develop companies in Connecticut.
- Seed Investment Fund - provides financial assistance to technology entrepreurs, filling a critical funding "gap" at the early "seed" stage of a company's development.
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U.S. Small Business Administration (SBA) - Offers a variety of financing options to meet the needs of Connecticut's small businesses. Partnering with approved lenders and licensed investment companies, the SBA is in the business of growing small business.
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U.S. Department of Agriculture Programs-Rural Development - USDA financial programs support essential public facilities and services such as water and sewer systems, housing, health clinics, emergency service facilities and, electric and telephone service by providing loans, technical assistance and information.
- Business and Industry Guaranteed Loan Program - provides loans to rural businesses located in communities of less than 50,000 in order to improve, develop or finance industry and employment, and enhance the economic environment in rural communities.
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U.S. Department of Energy (DOE) - Sponsors programs to develop cutting-edge science and technology research and development to revolutionize how we find, produce and deliver energy.
- Inventions & Innovations Program - provides financial assistance for conducting early development and establishing technical performance of innovative energy saving ideas and inventions.
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Search ProgramFinder for additional FEDERAL AGENCY RESOURCES and STATE AGENCY RESOURCES or contact Connecticut's Business Response Center via phone 1-800-392-2122 or e-mail info@YouBelongInCT.com.
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