EXP Job Creation Incentive Program (Connecticut)
Last modified on February 12, 2015.
|Applies to States or Provinces||Connecticut|
|Name||EXP Job Creation Incentive Program (Connecticut)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Connecticut Department of Economic and Community Development|
The EXP Job Creation Incentive Program provides loans towards expenditures related to training, marketing, working capital, or other Connecticut Department of Economic and Community Development-authorized expenses. Loan amounts range from $10,000 to $300,000 with a 4% interest rate. DECD may choose to defer loan payments or forgive up to 50% of the loan if job creation goals are met. DECD offers a matching grant program to small businesses that are likely to maintain job growth.
|Contact Name||Michelle Peters|
|Department||Connecticut Department of Economic and Community Development|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Conn. Gen. Stat. 32-7g|