Topline  With a 99.5% success rate, the Small Business Express program has helped Connecticut businesses create or retain 10,000 jobs in the state over the last two years.

Key provision of Gov. Malloy’s $100 million jobs bill.

• 815 small businesses used funding to create or retain 10,000 jobs

• Supports the retention and growth of small businesses in Connecticut

• 99.5% success rate according to Department of Community and Economic Development (Just four of 815 grantees have gone out of business)

Gov. Malloy is seeking another $100 million for the program over the next two years as part of his capital budget which will provide financial assistance in three forms:

• Revolving loan funds
• Job creation incentives
• Matching grants

Designed to aid businesses in the following ways:

• Access to capital
• Support job creation
• Increase skill developments
• Encourage private investment

Eligibility:

• Operations in Connecticut
• Registered to conduct business for no less than 12 months
• In good standing with all state agencies including payment of all state taxes
• Employ no more than 100 employees

Priority given to companies:

Creating new jobs that will last for at least 12 months

In industries including but not limited to:

1. Precision manufacturing
2. Business services
3. Green and sustainable energy
4. Bioscience
5. Information technology