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Courtney's Corner
Economic Development News from the Town, Region & State
Happy Spring!
We have lots of exciting events going on this season. Last month we welcomed Lieutenant Governor Nancy Wyman to Farmington to discuss the legislative priorities of the Malloy Administration with over 100 members of our business community in attendance at our April Business Breakfast.
We are excited to welcome all of our new businesses to Town and wish them success and prosperity.
Enjoy the weather and come out to some of our programs when you can - you'll undoubtedly receive great information, stellar networking opportunities and FUN!
Saving Money & Saving Energy
FREE Biz Seminar
Thurs May 31 at 2pm
Whether you're interested in saving money, saving energy, or both you won't want to miss this exclusive free seminar at Farmington Town Hall on Thursday May 31. The Director of Business Development for Capital Review Group will discuss how some specific tax incentives and tax credits can help your business save money now and in the future. By "Going Green" and investing in energy upgrades everyone benefits. We will learn how to finance these upgrades without a bank loan or tapping your business equity. For more information or to register, please email me at hendricsonc@farmington-ct.org.
Farmington Main Street at the Rock Cats!
On Tuesday July 17, Rock Cats will host a night all about promoting and supporting Farmington Business!
Businesses and organizations may:
- Set up Display Tables on the Concourse Before and During the Game
- Throw out a Ceremonial First Pitch and Enjoy a Pre-Game Ceremony
- Welcome the Crowd on the Big Screen with your Logo and a Video
- Include an Ad in the Game Day Insert
- Give several Tickets to your Employees and their Families
Kids Eat Free and we already have lots of interest from local business! To Find out more and participate, please contact me at hendricsonc@farmington-ct.org.
Save the Date: Special Olympics Dream Ride, August 19, 2012! More information forthcoming.
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Each E-News features a local Farmington business that contributes to the strong economic base which makes Farmington a great place to live and do business.  Featuring: CT Business Resources
Although we usually feature a local business in this section, a few agencies within the State of Connecticut have introduced new programs that may be helpful to our local business community. Here is a brief summary of those programs.
DECD - Small Business Express
The Small Business Express Program (EXP) provides loans and grants to Connecticut's small business to spur job creation and growth. Small businesses employing not more than 50 employees are eligible. Assistance focuses on:
- Access to capital: Revolving Loan Fund
- Incentive loan and grants to create jobs:
- Job Creation Incentive and matching grants
DECD - Job Expansion Tax Credit (JET)
Connecticut businesses can be eligible for tax credits of $500 per month for each new full-time job created. If the new employee is receiving vocational rehabilitative services from the Bureau of Rehabilitative Services, receiving unemployment benefits, or is a veteran employee who, at the time of hiring by the taxpayer, is a member of, was honorably discharged from or released under honorable conditions from active service in the armed forces, then the tax credit is increased to $900 per month.
Capital Workforce Partners - Step Up Program
The foundation of our strong local economy is the success of your business! If you would like to be featured or you know of a business that should be featured, please contact Courtney Hendricson at 860-675-2395 or hendricsonc@farmington-ct.org.
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About E-News
The Farmington Economic Development E-News is designed to inform Farmington businesses about current issues and opportunities critical to their business
development.
The Economic Development Commission makes recommendations to the Town Manager and Town Council regarding actions to improve the town's economic condition and development.
Farmington wants to help you develop your business and we want to create a dialogue with you to ensure your satisfaction and support your success. Please contact Courtney Hendricson, Economic Development Director at 860-675-2395 or hendricsonc@farmington-ct.org with questions or feedback.
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