Economic Development News & Updates in
Greater New Haven
ICYMI: PPP Loan Portal is Open to all Participating PPP Lenders
Friendly reminder! The SBA has re-opened the Paycheck Protection Program (PPP) loan portal to all participating PPP lenders. PPP provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. SBA is currently offering:

  • First Draw PPP loans- for those borrowers who have not received a PPP loan before August 8, 2020.
  • Second Draw PPP loans- for eligible small businesses with 300 employees or less and that previously received a First Draw PPP loan. These borrowers will have to use or had used the full amount of their First Draw loan only for authorized uses and demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million.

The Paycheck Protection Program remains open for First and Second Draw PPP loans until March 31, 2021, as set forth in the Economic Aid Act, or until Congressionally-appropriated funding is exhausted.
CT's unemployment rate dipped during the last month of the year
Unemployment in Connecticut dipped slightly between the last two months of 2020.

The state Department of Labor said the rate ticked from 8.2 percent in November to 8.0 percent in December.

The state lost 3,400 payroll jobs in that month.

“Connecticut continues to see the impact of the pandemic in declines in the restaurant industry and hospitality sector," said Kurt Westby, commissioner, Connecticut Department of Labor. "It’s reasonable to assume many of these jobs will return once the [COVID-19] pandemic is under control, vaccinations roll out, and people begin to get back to a life where they eat out, shop, and travel. However, right now these areas are being hit hard.” Read More
Governor Lamont Proposes Legislation Focused on Creating an Agile, Equitable, and High-Performing Workforce in Connecticut
Governor Ned Lamont announced that he plans to introduce legislation during the 2021 regular session of the Connecticut General Assembly that focuses on building a robust workforce in Connecticut by developing and investing in short-term training programs, increasing access to postsecondary education, enhancing workforce data collection efforts, and codifying a new state office focused on workforce development.

With 190,000 Connecticut residents filing for unemployment since the start of the COVID-19 pandemic, Governor Lamont said that it is paramount that Connecticut develops job training programs, creates new governance structures, and implements innovative policies that are focused on helping residents return to work and progress along meaningful career pathways.

The governor is proposing to codify the state’s Office of Workforce Strategy, an office located within the Department of Economic and Community Development, that will serve as the connective tissue between educators, industry partners, community-based organizations, and government agencies so that workforce development programs and strategies are being coordinated across the state. The office will continue to be led by Dr. Kelli Vallieres, who has been serving as its executive director since July. Read More
More News & Events
Dixwell Plaza Renewal Deal Advances Read More

AHLA Unveils State of Industry 2021 Report Read More

FDA Clears Deep Learning Application to Support Image Interpretation with Hyperfine’s Swoop™ Portable MR Imaging System Read More

DoorDash donates $500K to Connecticut Restaurant Association’s relief fund Read More

Collab Spring Accelerator Read More

COVID Vaccine Sites to Open, Expand Hours Across Connecticut Read More

1/28 8 a.m. GNHCC present Coming Back Stronger with Connecticut State Senators Read More

2/10 1 p.m. Opportunities for Small Businesses Focused on Artificial Intelligence & Data Analytics Read More