Economic Inducement Financing Program (Connecticut)
Last modified on February 12, 2015.
|Applies to States or Provinces||Connecticut|
|Name||Economic Inducement Financing 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|
|Implementing Sector|| State/Province
|Program Administrator||Connecticut Development Authority|
|Primary Website|| http://www.ctinnovations.com/
|Last Review|| 2014-09-15
Companies relocating to or expanding within the state are eligible for CDA direct loans up to $5 million through its Economic Inducement Financing Program. proceeds may be used for working capital, equipment, facilities, or mortgages. Eligible companies must contribute to Connecticut’s technology base, intellectual capital, urban infrastructure, economic base, employment, tax revenues, or export of products and services.
|Contact Name||Janet M. Siegenthaler|
|Department|| Connecticut Development Authority