Economic Development Newsletter
JULY 2025
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Overview of Connecticut's Sales and Use Tax for New and Established Businesses
Wednesday, July 23rd | 10-11:30am| FREE
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This workshop will provide information for both new and established businesses on resources, information about purchasing, who must obtain an SUT permit, how to register your business using myconneCT, what use tax applies to, and more.
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AARP - 2025 Livable Communities Grant
ATTN: Nonprofits - Now Accepting Applications
Due by August 15th, 2025
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Local nonprofits are encouraged to apply for aid through the American Association of Retired Persons (AARP) CT Livable Communities grant program. Applications are due by August 15th and must make our communities more livable for all ages and abilities.
Grants can range from small, short-term activities to larger, permanent solutions, but the maximum amount of any single grant will be $5,000.
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Perfecting Your Business Pitch
Thursday, July 24th | 12 - 1:30pm | FREE
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At CTSBDC, we believe all newcomers to Connecticut with a business idea should be able to deliver a strong, confident pitch. Whether you’re speaking to clients, partners, or investors, don’t let speaking in a second language hold you back. Join our guest speaker, Michelle A. Nicholas, Founder & CEO at THE NICO CONSULTING to learn:
- How to craft a clear & compelling elevator pitch
- Key American business communication styles
- Tips to speak with confidence, even in a second language
- Bonus: Use AI tools to refine your message
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Upcoming Webinars & Workshop
Community Economic Development Fund
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Earn Your ServSafe
Food Safety Certification
Wednesday, July 30th, 2025 | 6:30-8pm
Wednesday, August 6th, 2025 | 6:30-8pm
CEDF Offices Meriden - Two-part workshop (both days required)
The ServSafe Food Safety Certification Seminar provides participants with the knowledge and skills to ensure safe and responsible food service practices. Upon completion of this course, the ServSafe certification exam will be administered. Successful completion is nationally recognized in the food service industry.
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How to Create a Cash Flow Forecast
Thursday, July 31st, 2025 from 1-2pm
Live Webinar | Free | Registration required
Are you confused about the meaning of “cash flow” and feeling lost when it comes to how to correctly plan for the launch of a new venture? Any business owner with basic Excel skills can create the spreadsheet necessary to satisfy a lender that you’re competent to execute the opening of your new operation successfully. Will it help to engage an accountant or a business advisor for this task? Perhaps. But it’s more likely that you have information in your head that’s essential to putting the financial plan on paper.
So, don’t think this is a project that can be hired out. In fact, if you are wise, you’ll continue to modify and update the spreadsheet as the business begins to gain altitude.
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Use LinkedIn to Boost Your
B2B Business
Thursday, August 14th, 2025 from 1-2pm
Live Webinar | Free | Registration required
If you’re running a business focused on selling to other businesses, one of your most powerful social media tools can be LinkedIn. While the essentials of using social media relay on human connections (that’s where the social part comes in!) learn how you can get a message out about your business and what it has to offer.
- Find out how to get prospective clients through networking or using LinkedIn’s paid platform tools.
- Learn methods for searching for prospects based on attributes such as job title, company, number of employees, revenue, industry or persona.
- Discover how to integrate with your chosen customer relationship management (CRM) software for follow-up and relationship building.
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The CT Business Matchmaker is a high-impact networking event designed to connect businesses with government buyers and prime contractors to strengthen our national/local supply chains and open opportunities of procurement for CT businesses.
One-on-one prescheduled matchmaking meetings are at the heart of the CT Business Matchmaker. Businesses will have an opportunity to meet one-on-one with buyers from federal, state and local agencies as well as prime contractors.
The event will also include a dynamic networking Business Expo featuring key resource providers, lenders, prime contractors and government agencies. In addition to a full day of training sessions facilitated by SBA employees, resource partners and contracting experts.
The SBA is committed to opening the doors of procurement so more businesses can grow and thrive by doing business with the federal government - the world's largest customer who buys all types of products and services.
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West Hartford Center
Infrastructure Project Updates
| | Construction in West Hartford Center is in Phase 2, and we’re here to help you stay informed. Whether you're a business owner or a community member, there are plenty of ways to stay connected, navigate changes, and support local businesses. Scan the QR code for the latest updates and helpful resources. | |
Tax bills were mailed on June 20th, 2025
Changes to the Motor Vehicle tax calculation
A reminder for Business Owners with Company Vehicles
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The first installment of real estate, personal property, and motor vehicle taxes on the October 1, 2024, Grand List were due and payable on July 1, 2025 and will be assessed penalties beyond August 1, 2025. The Revenue Collection Office mailed tax bills on Friday, June 20.
This year, the formula used to calculate motor vehicles has changed. Check out the calculator feature on the Assessment Office web page. Enter your plate number, and the assessment value will automatically appear. Multiply that number by the statewide mill rate of 32.46 mills to get your total tax bill amount.
As of October 1, 2024, all Assessment Departments in Connecticut will use the Manufacturer Suggested Retail Price (MSRP) of each vehicle and apply the depreciation schedule to calculate the depreciated value of each vehicle. This depreciated value will then be multiplied by the statewide assessment ratio of 70% to determine the vehicle's assessed value for taxation. The vehicle's assessed value will decrease yearly based on the depreciation schedule, but will never fall below a $500 assessment for taxation purposes. The assessment is then multiplied by the statewide mill rate of 32.46.
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