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Milford Small Business receive $524,000 in State Funding

Milford Small Business receive $524,000 in State Funding

 

As we take a look at reports showing an increase in jobs for the month of July at the national level, as well as unemployment rates rising overall, I find it relevant to talk about what we have done to help encourage economic recovery and keep our commitment to job growth at the state level.

Understanding the critical need to put people back to work and attract business to Connecticut, during our last special session in June, we passed a measure to expand the Small Business Express Program (EXP) that allows an estimated 3,600 additional businesses to have access to state assistance for capital investments and hiring.

The program is administered by the Department of Economic and Community Development( DECD) and offers loans and grants to companies with 100 or less employees.  Currently there are 3 Milford businesses receiving $524,000.00 in state funding and 11 Milford small businesses are in the application/review process. 

I recently hosted an event at City Hall with Dept. of Economic Development about the program.  If you have a small business and would like information on how you can apply feel free to call my office.

Last fall, we passed a comprehensive jobs bill that focused on helping Connecticut’s workers get back to work. The measure strengthened our commitment to supporting small businesses by giving them access to much needed capital and resources, so that they are able to grow and move forward. 

It also allows veterans coming home from defending our country a better opportunity to find a good job to support their families. This provision includes the new Unemployed Armed Forces Members STEP-UP (Subsidized Training and Employment Program) program with grants to subsidize the hiring of unemployed veterans during their first 180 days on the job. 

While there is still a lot of work ahead of us, I am proud of these accomplishments,as well as my work as a member of the Veterans Committee. I will keep my strong commitment to working hard to bring positive alternatives to our families, businesses, veterans and residents.

As always you can reach me 

At the Capitol:
Legislative Office Building, Room 4002
Hartford, CT 06106-1591
(860) 240-8585 | 1-800-842-8267
Kim.Rose@cga.ct.gov

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