Connecticut Small Businesses Get $46.6 Million in Five-Year Plan

A five-year plan to invest in small businesses in Connecticut is now a reality.

Connecticut will invest $46.6 million in the coming years that will help small business expansion through assistance programs across the state. Nonprofit economic development groups will receive the state grants, authorized at a recent Bond Commission meeting, that will assist small businesses with formation, growth and innovation.

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Hospitality Sector Set to Receive New Round of State Funding

The hospitality industry in Connecticut will be benefiting from new state funding.

Restaurants, hotels, transportation agencies, and other businesses will receive a share of $30 million in grant funding, Gov. Ned Lamont said, under the Connecticut Hospitality Industry Support Program.

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Lamont: Manufacturing Company Expanding in Connecticut

An advanced coatings manufacturer is undertaking an expansion project in Connecticut, Gov. Ned Lamont said.

The governor announced Element 119, which currently employs 14 people, plans to add an additional 36 workers over the next two years at its production facilities in Thomaston and Cheshire.

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