Connecticut

still revolutionary

 
 

Department of Economic and Community Development

Connecticut is a great place to start or grow a business. Why? The state provides the competitive advantages companies need to succeed in today's global marketplace.

Business Development

The Department of Economic and Community Development (DECD) is in the business of growing your business.

DECD is the state's lead agency for the development and implementation of policies, strategies and programs that support business growth and innovation. The department offers a wide range of programs and services to help companies prosper in Connecticut:


Financing

Growing businesses need capital, and no state realizes and responds to that need better than Connecticut. Whether the financing requirement is equity investment, fixed asset purchases of land, building acquisition, leasehold improvements, working capital, or the purchase of machinery and equipment, there are a multitude of financing programs available to support businesses large and small.

Tax Credits and Incentives

The State of Connecticut and local cities and towns offer a wide variety of tax incentives that encourage businesses investment. Numerous tax credits, tax exemptions, and tax abatements are available at the state level, while municipalities can offer property tax incentives based on certain levels of capital investment.

Site Selection Services

Some of the most distinguished national and international companies in the world call Connecticut home. DECD staff works with clients from project inception to completion, and can help with real estate identification, site visits and evaluation, cost and quality comparisons, identification of available workforce, and permitting issues.

Workforce Training Support

For businesses that require intense, specialized training including emerging aerospace, software and bioscience technologies, Connecticut has a wealth of programs through its colleges and universities. Workshops and training programs are available through both schools and targeted programs.

Application Process

Here is an overview of how you can increase your chance for success.


Plan

  • Research available programs
  • Plan your project end-to-end
  • Estimate your needs and cost
  • Assess most beneficial program

Prepare

  • Visit DECD portal
  • Contact DECD Project Manager
  • Gather all required documents
  • Fill out all required templates

Apply

  • Create portal sign in account
  • Update profile and select program
  • Fill out application form
  • Submit your application