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Financing Your Business
Are you a startup that needs money to get up and running? An established business that needs money to innovate and grow? We have good news: State, federal, and private organizations can help you get the funds you need. Check out the programs below to find resources relevant to your business.
CT Public & Non-Profit Resources
- CT Small Business Boost Fund: Financial assistance program supported by the CT DECD which provides working capital loans to small businesses and nonprofits.
- CTNext: Provides direct assistance in capital and funding for small businesses in CT that are innovating new technologies and working towards commercialization.
- CT DECD Strategic Supply Chain Initiative: The CT Department of Economic and Community Development (DECD) is administering a $25 million program that will provide grants to supply chain companies that are expanding and increasing production capacity.
- Community Capital Fund: CommCap makes loans to small businesses for capital improvements, working capital, fixed asset acquisition, as well as commercial real estate and leasehold improvements in the Greater Bridgeport Area. Unsure if they are still active, tax filing history shows they last filed in 2019 and website is not kept up to date.
- Connecticut Center for Advanced Technology: Learn more about funding opportunities and grants available for CT manufacturing companies, supported by the CT DECD
- Community Economic Development Fund (CEDF): A nonprofit that provides lending services to early-stage businesses and small companies that are unable to access traditional forms of financing.
- Connecticut Department of Banking: Find resources for CT business owners about growth, credit and financing opportunities. Also available is a complete list of banks and credit unions in CT.
- Connecticut Department of Economic and Community Development (DECD): Find information about CT state business assistance programs including grants, loans and tax incentives.
- Federal Grants: Learn about Federal Grants.
- Hillside Ventures: An early-stage venture capital fund run by UConn students supporting companies that are in the EdTech, InsurTech, Sustainability, and SportsTech industries.
- Small Business Administration (SBA): The SBA helps small business raise capital through means such as 7(a), 504, and disaster assistance loans, and provides information and business counseling.
- Women’s Business Development Council (WBDC): Funding opportunities for small, women-owned businesses.
Private Funding Resources
- Community Investment Corporation (CIC): An economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in CT.
- Connecticut Innovations-Connecticut Next: Venture capital fund that looks to finance CT’s innovative, growing companies.
- HEDCO: Provides CT small businesses and nonprofit organizations with flexible and affordable loan options.
- LaunchCapital: An early-stage venture capital firm that supports entrepreneurs at the seed and early stages around the country.
- Tidal River Women’s Investor Group: Invests in early-stage (pre-seed, seed, Series A) companies throughout the United States that have been funded by a lead investor.
- Venture Capital: A list of other venture capital firms in CT. changed link, this one is more recently updated from 2024
Other Support & Incentives
- CT Greenbank Building Solutions: Building solutions to reduce energy usage and save money.
- CT Greenbank Investment Solutions: investment solutions to fund green projects.
- DECD Incentives: An overview of CT state financial incentive programs for businesses, developers and investors that are starting, relocating, or expanding operations.
- My Connecticut Savings: New retirement savings program, overseen by the CT Office of the State Comptroller, helping employers offer a way for employees to save and plan for the future.
- State Trade Expansion Program (STEP): A grant designed to help CT’s small business community thrive in the global marketplace.
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Rina Bakalar
Economic and Community Development DirectorPhone: 203-452-5043
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Gia Mentillo
Economic & Community Development AdministrationPhone: 203-452-5044
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Economic & Community Development Department
Physical Address
5866 Main St
Second Floor
Trumbull, CT 06611
Phone: 203-452-5043Fax: 203-452-5169
Hours
Monday through Friday
9:00 AM to 5:00 PM
Closed for legal holidays