Incentives and Financing
Enterprise Zone
Companies involved in manufacturing, research associated with manufacturing and distribution warehousing (new construction/expansion only) as well as certain service companies that develop properties in an Enterprise Zone or a zone that is eligible for Enterprise Zone-level benefits will receive: Newly formed corporations located in a zone qualify for a 100% corporate tax credit for their first three taxable years and a 50% tax credit for the next seven taxable years. Eligibility for Businesses These programs are designed to encourage capital improvements to land and/or buildings. Businesses must be prepared to either: For more details, go to the Connecticut Department of Economic Development website. To apply for this program, contact Paige Bronk, pbronk@groton-ct.gov or 860-446-5960.
Contacts
Paige Bronk
Economic and Community Development Manager
Town of Groton
134 Groton Long Point Road
Groton, CT 06340
Phone: 8604465960
Category: Incentives
More Incentives
This grant program is intended to help Connecticut supply chain companies with the adoption and integration of IoT solutions. The program will provide matching grants up to $20,000 for hardware, sensors, platforms, and related third-party integration services.
Learn MoreOpportunity Zones offer an incentive for development as capital gains taxes derived from qualified investments are deferred for up to ten years, depending on when the initial investment is made.
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