Connecticut Small Business Grants
With more than $8,829.00 million dollars in grants and additional local government funding sources of $6,759.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Connecticut. There are 73,515 business establishments in the state of Connecticut, and they break down to the following:
Connecticut Business Sector Breakdown by Size:
- 41,737 registered businesses in Connecticut have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 13,006 registered businesses in Connecticut have 5 to 9 employees.
- 8,036 registered businesses in Connecticut have 10-19 employees.
- 6,794 registered businesses in Connecticut have 20-99 employees.
- 1,873 registered businesses in Connecticut have 100 to 499 employees.
- Over 2,069 registered businesses in Connecticut have over 500 employees.
Connecticut Business Sector Breakdown in Service Industries:
- 9,806 registered businesses in Connecticut are in the Professional, Scientific and Technical Services sector.
- 5,494 registered businesses in Connecticut are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 7,930 registered businesses in Connecticut are in the Accommodation and Food Services sector.
- More than 9,318 registered businesses in Connecticut are also service orientated businesses but are not categorized to the above sectors.
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 5,000 farms in the state of Connecticut.
Starting and managing a small business in Connecticut is not an easy task. Over $78,026,725,000.00 US dollars are paid to employee salaries/payroll alone in the state of Connecticut and more than 11,268 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Connecticut, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Connecticut, contact Connecticut financial aid agencies.
Small Business Grants in Local States
Recent Business Grant Recipients
|Recipient||Project, Industry, Purpose||Amount|
|Victor amp Colleen Minnabarriet
|Project: Purchase property and acquire tire service shop
Industry: Professional, Scientific and Technical Services
|Project: Grants to support environmental research and development
Industry: Information Not Available
Purpose: Research & Development / Patents
|Placages Beaulac Et Fils Inc
Industry: Manufacturing, Mining and Energy
|Mr Duane Pilgrim
|Project: Establish snowmobile tours through the north
Industry: Arts & Entertainment
Professional, Scientific and Technical Services
Purpose: New Business Startup
|Daniel Joseph Dunne
|Project: Marketing--acquire mr. submarine
Industry: Accommodation and Food Services