Digital Transformation (Manufacturing Innovation Fund Program – MIF)

Digital Transformation (Manufacturing Innovation Fund Program – MIF) is sponsored by Connecticut Department of Economic and Community Development (Manufacturing Innovation Fund Program – MIF). This program provides matching funds for digital hardware, sensors, platforms, and related third-party integration services to improve manufacturing productivity, efficiency, and competitiveness for Connecticut's industrial base.

Manufacturing Innovation Fund (MIF) Manufacturing Innovation Fund (MIF) We support the growth, innovation and progress of the advanced manufacturing sector through the $75 million MIF. The MIF invests in loans and grants for business, industry and competitive initiatives to support CT’s manufacturers. For more information, visit the Connecticut Department of Economic & Community Development .

Category: Business, State Angel Investor Tax Credit Program This credit is for angel investors with $25,000 or more cash investment in a qualified CT business. The credit equals 25% of the investor’s cash investment. Total credits cannot exceed $250,000 for any investor.

The credit must be claimed in same the taxable year as... Bioscience Innovation Fund The $200 million CT Bioscience Innovation Fund, administered by CT Innovations (CI), provides focused financial assistance to start-ups, early-stage businesses, nonprofits, and accredited colleges and universities. Investments from the fund, in the form of grants, equity investments and loans, help to commercialize bioscience breakthroughs...

Brownfield Remediation Funding The CT Office of Brownfield Remediation and Development designs a custom solution for each site. This may include financial aid, liability relief, technical support and project management, and comprehensive permitting assistance and inter-agency coordination. For more information, visit the Connecticut Department of Economic...

Commercial and Industrial Property Assessed Clean Energy (C-PACE) COMMERCIAL & INDUSTRIAL PROPERTY ASSESSED CLEAN ENERGY (C-PACE) is an innovative financing model that will allow building owners across the state to access cleaner, cheaper and more reliable energy. C-PACE allows interested property owners to access financing to make qualifying energy efficiency and clean energy improvements...

Connecticut Innovations (CI) CONNECTICUT INNOVATIONS (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, especially in bioscience and high technology. One of the most active strategic venture capital organizations on the East Coast, CI also provides expertise in management, product development, marketing...

CT GREEN BANK is the first of its kind in the U.S. It accelerates the deployment of clean energy by using limited public dollars to attract private capital investment in clean energy projects. Learn more at ctgreenbank. com.

A new law allows the Department of Economic Community Development (DECD) to enter into incentive agreements with qualified data centers for 20-30-year terms depending on size and location of the data center. This includes sales and use tax exemptions for goods and services purchased by...

Eligible production companies can receive a tax credit on a sliding scale up to 30% on qualified digital media and motion picture production, pre-production and post-production expenses incurred in the state, up to $1 million or more. For more information, visit the...

Enterprise Zone and Target Investment Community Incentives Eligible businesses in eligible communities may qualify for: A 5-year, 80% abatement of local property taxes on qualifying real estate and personal property that is the direct result of a business expansion or renovation project. A 10-year, 25% credit on that portion of...

JobsCT - Earn as You Grow This program accelerates high-quality private-sector job growth in Connecticut by allowing companies that locate or expand in distressed municipalities or opportunity zones to qualify for a 50% rebate based on the employees' income, while companies located in municipalities that do not have these designations can...

Pre-Seed Financing Program Connecticut Innovators (CI) provides pre-seed financing to businesses for the development of proof of concepts and support services. Financial assistance shall not exceed $150,000 per business. An eligible business must: a) be principally located in CT with not less than 75% of its employees working...

Sales and Use Tax Exemption Connecticut Innovators (CI) can act as a conduit for a sales and use tax exemption for the company’s anticipated qualifying capital equipment and/or construction materials. This exemption relieves the company and/or the developer from the state’s 6. 35% sales tax, up to the CI Board-approved amount...

Small Business Boost Fund The Connecticut Small Business Boost Fund gives small business owners access to flexible funding for capital expenditures and working capital and connects them with support services. It’s a personal, equitable approach to lending, because business owners are more than just numbers on a spreadsheet...

Urban and Industrial Site Reinvestment Tax Credit Program This program allows for a dollar-to-dollar corporate tax credit up to 100% of capital investment on eligible projects with a min. investment of $5 million in distressed communities and $50 million in all other communities. The credits can be used over 10 years (see below table)...