The Department of Economic and Community Development (DECD) will be offering financial support to small businesses through the Connecticut CARES Small Business Grant Program. Here is the link to the application, which just went live tonight.
One-time grants of up to $5,000 are available for businesses that meet the following criteria:
20 or fewer employees; or
- No more than $1.5 million in annualized payroll expenses
These businesses must also demonstrate a loss in revenue of 20% or more between
September 30, 2019, and September 30, 2020.
The application went live at 8:00 PM, and DECD hopes to have the funds dispersed by December 30th. For additional information on the grant and opportunities for support with the application, visit DECD's website.