HARTFORD, Conn. (AP) — Connecticut is expanding a $100 million small business jobs program as economic development officials say more than 700 companies are seeking assistance to hold on to jobs and hire more workers.
In its special session on Tuesday, the General Assembly lengthened business loans to 10 years from five, increased maximum loans to $300,000 from $250,000, included larger companies and made other changes.
Since its start late last year, the Small Business Express program has spent nearly $11 million to help companies keep 566 jobs and hire 393 workers, the Department of Economic and Community Development said.
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