Malloy: Need Another $100 Million to Support Small Business Expansion

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Gov. Dannel P. Malloy visited three small companies around the state Monday  to draw attention to his request to the legislature for $100 million to continue the Small Business Express program.

The average company that has received state support in the program has nine employees.

The Small Business Express program has given and lent more than $80 million to 598 companies. The Department of Economic and Community Development is approving about 50 companies a month.

Business owners are not required to add employees in exchange for grants or loans. But of those who do intend to expand staff, they said they planned to add approximately 2,100 employees.

The state issues bonds to cover the cost of the grants and loans.

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5 thoughts on “Malloy: Need Another $100 Million to Support Small Business Expansion

  1. Dr. Aki Bola, Esq.

    What a crock. Do not let One Term Malloy take more of our money to enrich his chosen favorites. Crony capitalism at its worst.

  2. Robert

    EVERYTHING with this governor is about HANDOUTS. How about REFORMING CORPORATE TAXES instead of creating a culture of Corporate Welfare? Incompetent in every regard. Elections cannot come fast enough

  3. Janice Williams

    This guy never stops spending our money…wonder what he’ll want to do with the social security and unemployee overpayment…when he goes he’ll leave us it terrible debt,I believe..

  4. Bill

    This seems to be the specialty of Malloy – crony capitalism. No doubt taking care of himself in the process.

  5. Philip Porriello

    Take the 100 million of our dollars and house the mentally ill that use guns to commit their crimes against the unarmed.
    Let the gun building expansion in Connecticut continue and prosper and you will have your jobs free of cost to the hard working taxpayers. Maybe then the busway can be used to transport workers to their new jobs and not the generations of welfare families to go shoppping.

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