Day Pitney attorneys have assisted our clients in obtaining financial benefits and incentives offered by the state of Connecticut, introducing companies to key Connecticut business networks and service providers and advising these companies on other matters of interest to Connecticut-based employers.
Financial Incentives: Connecticut offers an array of financial incentives to companies relocating into the state or contemplating a move out of state and to businesses seeking to expand their Connecticut-based activities. These incentives include tax breaks, subsidized loans and grants.
The state has general discretion to provide outright grants to cover relocation, machinery, equipment and construction costs. In addition, loans are available at below-market rates, with the state also having discretion to convert the loan to a grant if certain minimum employment and investment thresholds are achieved. Cities and towns in Connecticut have the discretionary authority to provide financial incentives, real and personal property tax abatements the most important among them.
Networks: Connecticut is home to a number of business- and industry-specific associations and organizations. These groups provide valuable networking resources.
Early Stage Resources: Connecticut is home to numerous financing organizations for startup and young companies.
Family and Medical Leave Act: