Economic Assistance

Every business, organization and individual who contributes to the economic success of their community makes an impact on Central Connecticut.

To ensure businesses continue to thrive and grow in Central Connecticut, there are many programs and services available to provide economic and developmental assistance. On this page you will find details on just some of the programs currently offered to Connecticut businesses.

Bristol Development Authority

Bristol Development Authority

The Bristol Development Authority (BDA) offers programs and projects that grow and attract businesses to the city’s industrial parks, commercial districts, neighborhoods, and downtown Bristol. They do this partially through the use of Bristol information/demographics, enterprise zones, and incentives.

The BDA also focuses on community development through programs and projects that utilize U.S. Department of Housing and Urban Development formula funding according to a five-year Consolidated Plan, and an Annual Action Plan. They secure funding for a variety of city-wide projects in addition to obtaining and administering grants to remediate contaminated properties known as Brownfields.

Click Here for More Information on BDA

Central Connecticut Regional Planning Agency

Central Connecticut Regional Planning Agency

The Central Connecticut Regional Planning Agency (CCRPA) is the regional and metropolitan planning organization for the cities of Bristol and New Britain and the towns of Berlin, Burlington, Plainville, Plymouth, and Southington. For over 45 years, CCRPA has worked with government, business, and the public to develop a vision for the region and resolve its challenges. The Agency's mission is to plan and promote regional policies and programs to enhance the vitality, accessibility, and quality of life in our communities.

Click Here for More Information

Connecticut Economic Resource Center

Connecticut Economic Resource Center

Connecticut Economic Resource Center (CERC) is a nonprofit company funded primarily by utility companies with a mission of promoting Connecticut as a competitive business location. The company specializes in economic development, research and marketing for local, regional, state and utility economic development entities. Through their accomplished, entrepreneurial staff of professionals and its vast network of consultants and strategic partners, CERC provides clients with the knowledge and insight they need to gain a competitive advantage.

CERC offers Connecticut economic development and related professionals with relevant expertise and a complete range of services – they can be a single source of assistance, providing everything from strategic planning and data gathering to implementation and follow up.

Click Here for More Information

Connecticut Innovations & Connecticut Development Authority

Connecticut Innovations

In 2012, the Connecticut Development Authority (CDA) merged into Connecticut Innovations (CI) to form a stronger organization to better help the state’s businesses. CDA provides debt financing and investment capital to help businesses grow in Connecticut. They stimulate business investment and create jobs by financing companies and projects that:

  • Enhance the state's industrial and economic base
  • Create economically vibrant urban communities
  • Encourage the expansion of technology intensive industries
  • Rejuvenate environmentally contaminated commercial and industrial properties
  • Increase state and local tax revenues

Click Here for More Information on CDA

Connecticut Innovations provides strategic capital and operational insight to push the frontiers of high-tech industries such as energy, biotechnology, information technology, and photonics.

CI identifies, evaluates, and nurtures emerging companies with ideas that improve health, increase prosperity while helping the environment and make work more productive and life more rewarding. They provide early-stage funding to companies across a broad range of industries through equity and equity-related investments that will spur growth.

Click Here for More Information on CI

Connecticut Smaill Business Development Center

CTSBDC

The Connecticut Small Business Development Center (CTSBDC) provides no-cost advising services to both prospective and existing business owners to help them start or expand their business.

CTSBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration, the Connecticut Department of Economic and Community Development and the University of Connecticut. The SBDC program remains one of the nation’s largest small business assistance programs in the federal government with a proven track record of providing almost 35 years of service to small businesses.

The Central Connecticut Chambers of Commerce is one of the locations where individuals can meet with SBDC advisors. Tammy Warner, Ph.D., a Business Advisor with the Connecticut Small Business Development Centers, is available to meet with local business owners to give them guidance on a wide range of topics including financing, marketing, growth strategies and much more. To make an appointment with Tammy, please call (860) 634-7628 or click here to email her.

Click Here to download a CTSBDC Flyer.

Click Here to download CTSBDC Brand Guidelines.

Click Here for More Information on CTSBDC

CONNSTEP

CONNSTEP

Whether implementing the continuous improvement process or advising on management strategies, CONNSTEP helps your business compete and grow profitably. Our industry experts are located across Connecticut to help you become a world-class organization. CONNSTEP operates as a fee-for-service 501(c)(3) non-profit and is one of 59 affiliate organizations connected to the national network of Manufacturing Extension Partnership (MEP) organizations.

CONNSTEP is supported by the Connecticut Department of Economic and Community Development (DECD) allowing clients’ access to services often otherwise only accessible to larger organizations. This investment partnership allows CONNSTEP to coordinate broader initiatives, track impacts of services provided and form long-term strategies on behalf of clients.

Click Here for more information on the new CONNSTEP Business Growth Program. Be sure to also check out all of their Upcoming Events.

Click Here for More Information on CONNSTEP

Department of Economic Development

The Department of Economic and Community Development (DECD)

The Department of Economic and Community Development (DECD) is the state's lead agency for the development and implementation of policies, strategies and programs all of which are designed to enhance Connecticut's communities and business and housing environments.

DECD develops and implements strategies to attract and retain businesses and jobs, revitalize neighborhoods and communities, ensure quality housing and foster appropriate development in Connecticut's towns and cities.

Click Here for More Information on DECD

Small Business Administration (SBA)

Small Business Administration (SBA)

The U.S. Small Business Administration (SBA) is an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses.

For information on the full array of SBA programs and services in Connecticut, visit http://www.sba.gov and select the Connecticut District Office from the local resources section or you can call the Connecticut District Office in Hartford at 860-240-4700.