$1 Million Small Business Investment Fund for Hartford

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This new grant program is intended for businesses that have been open and in operation for at least one year.

HARTFORD, Conn. — Hartford Mayor Luke Bronin announced Tuesday that the city will use $1 million from a small business investment fund to help small businesses grow and thrive.

It’s no secret that new businesses are moving into downtown Hartford, especially downtown Hartford. This new grant program is intended for businesses that have been open and in operation for at least one year.

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If you walk down Pratt Street, you’ll see signs of growth, with new businesses like Gentle Bull opening their doors.

“I love Hartford, so seeing it come back to life, especially after the pandemic, is really exciting and I want to be a part of it,” said Gentle Bull owner Gabby Rodrigue.

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Almost every storefront on Pratt Street is full of new local businesses.

“It’s important that business owners and artists in Hartford occupy space in downtown venues and have this community support them,” said Liz Castle.

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As new businesses spring up in Hartford, officials are making sure long-standing businesses stay afloat with new funding.

“We have set aside additional funds from our US bailout allocation for small business investments of other types. We wanted to make sure that businesses that have been here for a while are not left out of the opportunity to get help as they work to grow, recover and create jobs in our community,” said said Mayor Luke Bronin.

The City of Hartford will contribute $1,000,000 to the Small Business Investment Fund to help established businesses continue to grow.

“It focuses on things like how many jobs are you creating, how many jobs are you retaining, what are your capital investment plans, what does your business plan look like?”

This program is not reserved for businesses with storefronts.

“We didn’t want to leave out businesses that don’t have a storefront but are still creating jobs and creating economic opportunity in our community,” Bronin said.

This application is open to these companies to apply now. Applications will be reviewed on a rolling basis. For more information, contact [email protected]

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