Connecticut supply chain companies in core industries (manufacturing, semiconductors, life sciences, clean energy, IT, fintech/insurtech) that are expanding production capacity can apply for $500,000–$5,000,000 grants. The money funds machinery, robotics, infrastructure, process innovation and new operations. Matching funds, collateral and keeping the existing workforce are required.
DECD's $25 million program provides grants to supply chain companies serving Connecticut's core industries that are expanding and increasing production capacity. The aim is to help them win new business, speed up onshoring and attract out-of-state and international operations. Grants range from $500,000 to $5,000,000 and are provided case by case. Matching funds and collateral are required. Eligible uses include machinery and equipment, robotics and new technology, infrastructure improvements, product and process innovation, and capital investments.
Supply chain companies; priority to Connecticut's core industries (manufacturing, semiconductors, insurtech/fintech, biomedical instruments and life sciences, clean energy, information technology)
Projects must increase production capacity; not for routine facility or equipment maintenance or fulfilling existing work, contracts or bids
Matching funds required and must be evidenced
Applicants must commit to retaining their existing workforce
Collateral will be required
Ineligible: debt restructuring, loan payments, working capital, workforce training, new equipment to support existing operations
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Money can be used for
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