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Financing
Qualified Energy Conservation Bonds
ARRA Recovery Zone Bond Program
General Business
Small and Early Stage Businesses
Technology-Intensive Businesses and Projects
Brownfields Redevelopment
Economic Inducement Financing
Special Financing for New Fixed Assets
Information Technology Loan Program

Economic Inducement Financing


DIRECT LOAN INDUCEMENTS - Below market-rate loans to encourage companies to undertake significant expansion in or relocate to Connecticut

Use of Proceeds:
         Any business purpose including:

  • Term working capital
  • Machinery and equipment
  • Purchase, construction, expansion or upgrading facilities
  • Mortgages on owner-occupied real property

CDA Programs - Direct loan
Amount - Up to $5 million
Term Maturity - Tailored to each transaction--up to 20 years

Eligibility:
1. Companies relocating to or significantly expanding in Connecticut that will contribute to the state's:
Technology Base
Intellectual Capital
Economic Base
Employment		 Urban Infrastructure
Tax Revenues
Export of products and services
2. Loans may be made in concert with or independent of private or public-sector lenders and investors
3. CDA financing may be subordinated to private sector indebtedness

Loan Terms:
1. Appropriate to business opportunity
2. Maturity tailored to transaction- up to 20 years
3. CDA assistance up to $20,000 per job created or retained

Borrower's Process:
1. Contact:
Stephen J. Benedetto
860.258.7838		 P. Joseph Harpie
860.258.7832
Brien T. Day
860.258.7832		 Robert A. Phelon
860.258.7836
2. Submit application, business plan, historic and projected financial statements upon request

CDA Process:
1. Flash response within 2-3 days following receipt of appropriate documentation
2. Staff review in 4-7 days
3. Submit final documentation by the 1st day of the month
4. Transaction presented to CDA Board of Directors monthly

See our CDA Lending Partners

For additional information on all CDA programs Contact CDA by email.
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