EXP Job Creation Incentive Program (Connecticut)

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Last modified on February 12, 2015.

EZFeed Policy

Place Connecticut


   
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
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Connecticut Department of Economic and Community Development
Primary Website http://www.cga.ct.gov/2012/fc/2012SB-00001-R000400-FC.htm



Last Review 2014-09-15


Information Source http://www.ct.gov/ecd/cwp/view.asp?a=3931&q=489792

http://www.ct.gov/ecd/lib/ecd/EXP_Job_Creation_Incentive_Slipsheet_%28Web%29_2012.pdf


Summary

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.



Policy Contact

Contact Name Michelle Peters
Department Connecticut Department of Economic and Community Development





Phone (860) 270-8052


Email Michelle.Peters@ct.gov

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Conn. Gen. Stat. 32-7g

Date Enacted 2012


















References