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“We believe this program provides the quick, short-term financial assistance (small businesses and nonprofits) need to maintain operations and weather this storm," said Department of Economic and Community Development Commissioner David Lehman.
The company delivers an energy management solution that promises significant energy savings at no cost to customers.
The multi-municipality marketing group's Sept. 13 event in midtown Manhattan has resulted in a number of tech firms looking to tour the area with an eye toward relocation.
The proximity of life science investors in the area, many of whom are now on the company’s board, was a factor in setting up shop in Fairfield. Company leaders planned on being in the town from its 2014 inception, said CEO James Daniels at its 418 Meadow St. office. “We’re within walking distance to the train, which gives us better access to talent north to New Haven and south to New York City,” Daniels said. “That’s a huge plus.”
Applications for WBDC loans of $2,500-50,000 are being accepted now on a rolling basis.
Connecticut Innovations (CI), the state’s venture capital firm, is being expanded to help promote new startups and early-stage businesses in the state.
Connecticut Innovations seeks to finance tech companies in their early stages and beyond.
Connecticut Innovations says its requests for state loans have been rejected in the past five months, resulting in a lack of funds for its lending operation.
Connecticut Innovations chief Claire Leonardi calls for more female CEOs, saying "real sustainable change only comes from demonstrated business success."