Wednesday, August 31, 2011

Hurricane Irene Business Assistance

From the Planning Department Newsletter.
The State of Connecticut, Department of Economic and Community Development has established a program to assist businesses negatively impacted by Hurricane Irene are eligible for assistance, including bridge financing and loans covering uninsured losses, through DECD. Highlights of this assistance include:
  • Loans of up to $200,000 to companies for storm-related damage, including property, machinery and equipment, and working capital;
  • Loan guarantees of up to $200,000 will be provided to banks and other lenders to spur local lending to businesses impacted by the storm;
  • Grants will be available to businesses for assistance in disaster recovery, such as temporary help and training; and
  • Technical assistance, linking businesses to a wide array of state and federal resources.
Agricultural businesses are eligible for funding.
Information for all services can be obtained by calling 1-860-270-8215. or HERE

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