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Coronavirus update: Recovery bridge loans for Connecticut businesses

Send signed letters to [email protected]

The state’s Department of Economic and Community Development (DECD) has created a $25 million short-term loan program for Connecticut businesses that are struggling as a result of the COVID-19 crisis. These interest-free loans of up to $75,000 are available to businesses that employ no more than 100 people, and they must be repaid within a year. A six month extension may be granted upon request.

For more information on the program, eligibilty requirements, the application process, and a Q&A document, click here.

To complete an application, click here.

As a reminder, the state continues to maintain a web portal with the most updated information and statistics on COVID-19, as well as an FAQ document that is updated regularly.

As always, I will provide more updates as I receive new information. Please contact me if you have questions or concerns about the statewide response to COVID-19, or any state government matter. I am here to speak with you directly, provide more information if possible, and to serve as a resource for you and your families.

Email: [email protected]ct.gov

Gail Lavielle

State Representative, District 143

2 comments

Bryan Meek March 27, 2020 at 8:22 am

The state gave Jackson Labs $300 million to relocate here. 7 years later, Jackson Labs has yet to produce one marketable product. A few weeks ago their website was touting their research on canine baldness. Someone got a clue and now put up CV19 research, but not before the outbreak was a kitchen table topic.

$300 million for one company no one has heard of and who has yet to make one single product.

$25 million for the rest of us, that we have to pay back or else they’ll take our houses.

Gail’s just the messenger here and I know was opposed to Jackson Labs. But I feel compelled to remind everyone how much contempt this state has for small businesses.

Peter Franz March 28, 2020 at 7:49 am

Once again, a quick fact check on the Jackson Laboratory for Genomic Medicine:

“Is The Jackson Laboratory a business?

The Jackson Laboratory is not a business. It is a 501 (c) (3) nonprofit charitable organization. It has no stockholders and pays no dividends. Any financial surpluses from its operations are invested in further research and educational programs to meet the Laboratory’s mission.”

It should be noted the Lab employs many Connecticut scientists doing world-class genomic research and has a strong tie to the University of Connecticut.

I have no idea why the Republican Party is so fervently anti-science, I only know it is consistently so.

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