State to roll out small-biz recovery loan fund

20 Mar 2020

Economic Development

The state of Connecticut will roll out a small-business recovery loan fund as early as the beginning of next week to help small to mid-sized companies bridge short-term cash-flow interruptions caused by the economic upheaval precipitated by the coronavirus pandemic.

The announcement came Wednesday afternoon on a conference call with Gov. Ned Lamont and David Lehman, commissioner of the state’s Department of Economic & Community Development (DECD), to update the state’s business community on measures state government is taking to mitigate the pandemic’s economic impact.

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