Economic Development News & Updates in
Greater New Haven
SBA Re-Opening Paycheck Protection Program to All Lenders on Tuesday, January 19
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.

Earlier in the week, SBA granted dedicated PPP access to Community Financial Institutions (CFIs) which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries as part of the agency’s ongoing efforts to reach underserved and minority small businesses.

On Friday, SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions. Moreover, the agency also plans to have dedicated service hours for these smaller lenders after the portal fully re-opens. Learn More
Payroll Deductions are Underway. Is Your Business Prepared?
More than one-third of of employers in Connecticut have already taken the step to register their businesses, preparing themselves for the CT Paid Leave program.

Your participation plays a vital role in ensuring peace of mind for your workers when they need to address their personal and family health.

Employers — use this toolkit to help you and your businesses prepare for Connecticut’s Paid Leave program. In addition to what you will need to know about CT Paid Leave for your business, your employees will likely have questions about what to expect. This toolkit can serve as a roadmap for your business and your workforce to navigate this new program. Download workplace poster here.
Governor Lamont Announces Connecticut Residents Over 75 Can Now Register for COVID-19 Vaccination Appointments as State Transitions To Phase 1b
Governor Ned Lamont announced that phase 1b of Connecticut’s COVID-19 vaccine rollout will begin on Monday, January 18, 2021, and residents in the state over the age of 75 can now schedule appointments to receive the vaccine.

In addition, Governor Lamont announced that he is accepting the recommendations of the Allocation Subcommittee of the Governor’s COVID-19 Vaccine Advisory Group to expand phase 1b to include additional population groups. In the coming weeks, phase 1b will expand to include:

  • Residents between the ages of 65 and 74 (approximately 353,000 individuals); and
  • Residents between the ages of 16 and 64 who have underlying health conditions that put them at greater risk of the virus (approximately 362,000 individuals).

This is in addition to those already in phase 1b, including:
  • Residents who are 75 and older (approximately 277,000 individuals);
  • Residents and staff of congregate settings (approximately 50,000 individuals); and
  • Frontline essential workers (approximately 325,000 individuals).

In order to ensure that the most vulnerable populations within phase 1b are prioritized, Governor Lamont has directed the Connecticut Department of Public Health to begin the phase by prioritizing the vaccine for persons over the age of 75 in the first wave. As supply increases and a significant portion of individuals over 75 have received the vaccine, phase 1b will open up to include more of the eligible populations with a focus on addressing issues of equity and risk of poor outcomes from COVID-19.

It is estimated that 1.3 million Connecticut residents are eligible for phase 1b. Currently, the state anticipates receiving about 46,000 first doses of the vaccine per week from the federal government.

All eligible residents are required to make an appointment in advance of receiving the vaccine. Read More
The rollout is severely limited by the availability of the vaccine. Phase 1b is expected to take several months.The exact timing of eligibility for specific groups is largely dependent on the number of people receiving the vaccine as well as the availability of the vaccine itself. At this time, the number of vaccines delivered to the state is very unpredictable.

Please be patient and follow the guidelines provided. We must allow the most at-risk population to be vaccinated first. It is an essential first step in our state's recovery.

To facilitate the process, please assist those friends, family members and neighbors who are over 75 and would struggle in scheduling an appointment.
More News & Events
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SBA has announced Ascent, an interactive digital platform packed with resources women business owners need to set, and achieve, their business goals. Read More

Analysis: About 23K new CT businesses registered during COVID Read More