CDA

TECHNOLOGY-INTENSIVE

TECHNOLOGY-INTENSIVE FINANCING - For early-stage or expanding technology-intensive businesses and projects (1)

Use of Proceeds:

  • Term working capital software, hardware, and infrastructure; Machinery and equipment; Facilities purchase, construction or expansion

CDA Programs:

  • Direct, guaranteed or participating loans and mezzanine financing for businesses and projects

Amount:

  • Up to $5 million

Term Maturity:

  • Tailored to each transaction–up to 20 years
(1) Tax Increment Financing (TIF)-based cash incentives may be available for technology-intensive projects in designated communities–See Technology-Intensive Incentives

TECHNOLOGY-INTENSIVE INCENTIVES - Tax Incremental Financing (TIF) based on cash incentives to construct facilities for technology-intensive use (2)

Use of Proceeds:

  • Construct technology-intensive facilities in designated communities

CDA Programs (3)

  • Technology-Intensive TIF

Incentive Amount

  • Determined by project, incremental tax revenues, municipality and CDA
(2) CDA also provides direct, guaranteed and participating loans for technology-intensive companies and projects
(3) Technology-Intensive TIF is a program of the Connecticut Development Authority and its subsidiary, the Connecticut Brownfields Redevelopment Authority