(Hartford, CT) – Support the growth and attraction of strategically important supply chain companies that contribute to the ecosystem of Connecticut’s core industries. The central focus of the program is to help companies increase their production capacity to win new business, accelerate onshoring activities and attract out-of-state and international supply chain operations.
The program is not intended for routine facility or machinery, equipment maintenance or fulfillment of existing work, contracts, or bids.
Program
Administered by DECD, the $25 million program will provide grants to supply chain companies that are expanding and increasing production capacity. Priority consideration will be based on the amount of private sector investment and impact to Connecticut jobs. Eligible uses of funds may include:
- Purchasing machinery & equipment
- Addition of robotics and new technology to boost productivity
- Making infrastructure improvements
- Investing in product and process innovation
- Capital Investments
- Establishing new operations in support of Connecticut’s core industries
Ineligible uses of funds include but are not limited to debt restructuring, loan payments, working capital, workforce training, purchase of new equipment to support existing operations.
Eligibility
Priority consideration will be given to supply chain companies in Connecticut’s core industries including, but not limited to, the following:
- Manufacturing
- Semiconductors
- Insurtech and Fintech
- Biomedical instruments and life sciences
- Clean Energy
- Information technology
Supply chain companies can apply for grants ranging from $500,000 to $5,000,000.
Funding will be provided on a case-by-case basis and matching funds are required. Evidence of matching funds will be required. Applicants must commit to retaining its existing workforce. Collateral will be required.
For more information contact Tricia Paesani at Tricia.Paesani@ct.gov.
