Connecticut to launch $150 million fund to help businesses
By SUSAN HAIGH and PAT EATON-ROBBMay 6, 2021 GMT
A new $150 million, multi-year initiative to invest in Connecticut businesses, with a major focus on fledgling small businesses located in communities hit hard by the COVID-19 pandemic, was unveiled on Thursday.
The Department of Economic and Community Development hopes the private sector will match that funding and co-invest in entrepreneurs, small businesses and start-ups, Commissioner David Lehman said.
“We think there’s a real opportunity to make this initiative even larger and have the state drive it, but with a significant amount of co-investment capital from corporations and philanthropists,” Lehman said.
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