Overview

To support manufacturing projects that offer strong economic development potential, the State of Connecticut passed the Manufacturing Assistance Act, which funds direct loans to growing, eligible economic-based businesses.


Eligibility

This funding can be used to support a variety of initiatives, including:

  • planning for feasibility studies, engineering, appraisals, market studies and related activities;
  • acquisition of real property, machinery or equipment or any combination, provided such assistance does not exceed the fair market value;
  • construction of site and infrastructure improvements relating to a business development project;
  • construction/renovation/demolition of buildings;
  • relocation expenses for the purpose of assisting manufacturing or other economic-based businesses to locate, construct, renovate or acquire a facility;
  • working capital for a business development project;
  • business support services such as labor training, day care, energy conservation, pollution control, recycling and the like, in conjunction with other state agencies.

Additional Resources 

To learn more about all the resources available to manufacturers growing and/or relocating to Connecticut, visit this dedicated online portal: AdvancingManufacturingCT.com.