Incentives and Financing
SeCTerRise is a highly competitive grant program, funded through the Department of Economic and Community Development, designed to help small businesses grow in southeastern Connecticut. Grants will be awarded to businesses for projects that will have a measurable impact on the business, its growth and profitability. Businesses may apply for a grant of up to $20,000.
If you are an entrepreneur, or your newly established business does meet the eligibility criteria below, contact us about the seCTerRise business pitch and business plan competitions!
- Purchase of equipment, inventory, professional services, employee / workforce training.
- Funds must be used to grow / expand the business within a defined project scope.
Small businesses and nonprofits can borrow between $5,000 and $500,000 depending on eligibility and need, and can choose how they spend the money — on equipment, payroll, utilities & rent, supplies, marketing & advertising, eligible refinancing, building renovations, and other expenses.Learn More