Dept of Economic and Community Development Announces One-Time CT CARES Small Business Grants of $5,000

The follow communication from State Rep Steve Meskers encourages all small businesses owners that potentially qualify to apply for a $5,000 grant from the CT CARES Small Business Grant program.

The commissioner of the Dept of Economic and Community Development is David Lehman, a resident of Greenwich.

On Friday at 8:00 pm, DECD started accepting applications for the grants.

Small businesses and nonprofits in Connecticut with a 2019 annualized payroll of less than $1.5 million or 20 or fewer employees can receive the one-time grant of $5,000.

All funding will be disbursed by the end of December and will not require repayment.

The grant can be used for rent, payroll, utilities, inventory or complying with the CT Reopen Business Sector Rules.

Full details including eligibility requirements, a schedule for virtual office hours, FAQs, other resources, and the application can be found here.

The $50 million program, funded from Connecticut’s portion of the federal CARES Act, will provide aid to small businesses and nonprofits that continue to be negatively impacted by COVID-19.

The grant application will only be available for a limited time. The DECD anticipates closing the application by 5:00pm, Thursday, November 19, 2020 but this is highly dependent on demand.