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“Our grants and programs will still have a very important part to play in the small business ecosystem in 2022 – and beyond,” says Connecticut SBA District Director Catherine Marx.
The office will "increase efforts to expand access and promote lending programs to reach underserved communities and persons otherwise adversely affected by persistent poverty or inequality" next year, said Connecticut SBA District Director Catherine Marx,
All told, 140 grants worth nearly $102.3 million have been approved for Connecticut venues,
There has been no indication whether the federal government plans to replenish the RRF.
“They never quite got everything ironed out,” says Anna Serio of the Small Business Administration's handling of the Paycheck Protection Program initiative.
To date, the Connecticut department of the Small Business Administration has approved over $27.7 billion in loans to businesses in the state to get through Covid-19 – and more is on the way.
“I’m an optimistic guy, or I wouldn’t work in the arts,” says Westport Country Playhouse Managing Director Michael Barker.
Competitive grant awards will range from $1 million to $5 million for a two-year performance period.
The agency says that over 50,000 additional PPP loans have been approved, totaling $3.1 billion for Connecticut businesses and entities in 2021.
The #CTDrinksOnUs campaign features participating Connecticut restaurants offering a complimentary drink to vaccinated patrons who order food.
“We started about a year and a half ago,” Demetrius Glover, owner of wellness and community-building event company SolHaus in Stamford, said, “so with Covid, doing meditation and live entertainment at company events became difficult.”
DECD Commissioner David Lehman told the Business Journal that he expected to announce “a couple of big companies” relocating to Fairfield County from Westchester and New York City in the coming few weeks.
The deadline for applying for the forgivable loans is March 31 -- or sooner, if Congressional appropriations are exhausted.
As of Jan. 24, the SBA reports approving 4,787 loans for nearly $479.2 million in Connecticut during the new round.
Nationally, through Jan. 31 there have been 891,044 approvals for nearly $7.3 billion, with 4,942 lenders participating.