$1 million Small Business Investment Fund for Hartford

This new grant program is for companies which have been open and working for at the very least a 12 months.

HARTFORD, Conn. — Hartford Mayor Luke Bronin introduced Tuesday the town will use $1 million from a small enterprise funding fund to assist small companies develop and prosper.

It’s no secret that new companies are making downtown Hartford their house, particularly in downtown Hartford. This new grant program is for companies which have been open and working for at the very least a 12 months.

If you happen to stroll down Pratt Road you’ll see indicators of development, new companies like Light Bull opening their doorways.

“I really like Hartford so seeing it come to life once more, particularly after the pandemic is absolutely thrilling and one thing I need to be part of,” stated Light Bull proprietor, Gabby Rodrigue.

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Virtually each storefront on Pratt Road is stuffed with new domestically owned companies.

“It can be crucial that Hartford enterprise homeowners and Hartford artists take up area in downtown areas and have this group help them,” stated Liz Fort.

Whereas new companies are popping up in Hartford, officers are ensuring long-standing companies are protecting afloat with new funding.

“We put aside some extra funding from our American Rescue Plan allocation for small enterprise investments of different kinds. We wished to ensure that companies which have been right here for some time will not be not noted of the opportunity of getting some assist as they work to develop and get well and create jobs in our group,” stated Mayor Luke Bronin.

The town of Hartford will direct $1,000,000 into the Small Enterprise Funding Fund to assist already established companies proceed to develop.

“It’s targeted on issues like what number of jobs are you creating, what number of jobs are you retaining, what are your capital investments plans, what does your marketing strategy seem like?”

This program isn’t just for companies with storefronts.

“We didn’t need to miss these companies who don’t have a storefront presence however nonetheless are creating jobs and creating financial alternatives in our group,” stated Bronin.

This software is open for these companies to use to proper now. Functions can be thought of on a rolling foundation. For extra info, contact smallbiz@hartford.gov.

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