August 13, 2013/Economy, News

Connecticut’s Small Business Express Program

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


  • 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