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:
Connecticut Business Sector Breakdown in Service Industries:
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.
|Recipient||Project, Industry, Purpose||Amount|
|Project: New product and recycling technologies
Industry: Manufacturing, Mining and Energy
Purpose: Business Development and Trade Shows
|Aero Ultralight Inc
|Project: Establish new facility
Industry: Retail Trade/ Services
Purpose: New Business Startup
|Jackfish Lake Limited Partnership
|Project: Trade - marketing for hotel - attend trade shows
Industry: Accommodation and Food Services
|Project: Capital to purchase building
Industry: Information Not Available
|Project: To contract ventureprise comptrollers inc. to complete a business plan
Industry: Professional, Scientific and Technical Services
Purpose: Consulting / Financial Services