State Offers $5,000 Grants to Small Businesses

Small businesses and nonprofits in Connecticut with a 20 or fewer full-time employees or a 2019 payroll of less than $1.5 million can apply for a one-time grant of $5,000 from the state.

The state Department of Economic and Community Development (DECD) is administering the program, which has a total of $50 million to distribute from the federal CARES Act. Online applications will be available beginning Monday, November 9, and will be open for just one week. The entire $50 million is expected to be disbursed by the end of the year.

For information, including eligibility requirements, click here.

You can also view this recorded Zoom Q&A session, in which DECD staff answer questions about the program.