Connecticut To Help Small Businesses Access New Federal Funding
Governor New Lamont wants minority businesses in Connecticut to take advantage of money set aside for them in the new COVID-19 rescue package. The U.S. House of Representatives takes up the $484 billion package Thursday.
About $60 billion in the package is set aside for minority-owned small businesses. Lamont says Connecticut’s congressional delegation championed the new funds after the initial money for the Paycheck Protection Program ran out two weeks ago.
“I think you saw in that first tranche that big restaurant chains like Shake Shack got a heck of a lot of money. And a lot of the small restaurants maybe did not get anything. And they are the folks we are fighting for, they are the folks that are on Main Street.”
Lamont says the state’s Department of Economic and Community Development will help the 15,000 Connecticut small businesses that were frozen out the last time have their applications in by Thursday night or early Friday morning.
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