Capital News

Supporting Small Business,
Growing Jobs in Connecticut

This year, the legislature passed, and the governor signed, a major bill aimed at supporting our businesses and growing sustainable and lasting jobs in our state.

The landmark bipartisan jobs bill:

• Creates a revolving loan program which will make loans of up to $500,000 available to small businesses;
• Creates an angel investor program for start-up capital, giving a 25 percent tax break on individual investments up to $100,000 in certain high-tech start-ups such as bioscience and information technology;
• Initiates a pilot program to help manufacturing companies implement green strategies;
• Provides a loan forgiveness program for students who graduate from Connecticut colleges and universities and then secure jobs in various green technology fields, the life sciences or health information technology;
• Provides technical assistance for businesses seeking foreign markets for their goods and services; and
• Requires Connecticut’s Community-Technical College system to develop training programs that prepare unemployed people to meet future job needs.

For more details on the jobs bill and other job generating initiatives, visit the Senate Democrats’ Web page on Growing Jobs in Connecticut.