Financing & Incentives For Your Business

Milford Incentives

Milford CARES Act small business assistance: For more information.  

Micro-Enterprise Assistance Program (MEAP):  For more information

Beach Shore Village facade grant:  In conjuction with the Walnut Beach Enhancment Committee, Beach Shore Village and the City of Milford, a facade improvement matching grant of up to $20,000 is available for businesses in the Walnut Beach Business District. Please call the Economic and Community Development Department for more information.

State and Federal Incentives

• US Small Business Administration (SBA) Loans - SBA provides a number of financial assistance programs for small businesses including 7(a), 504 and disaster assistance loans
• CT Development Authority - The Connecticut Development Authority provides debt financing and investment capital to help businesses grow in Connecticut. They also partner with a variety of lending sources to help stimulate business startup and expansion in Connecticut. They can help you, or direct you to funding sources available in Connecticut.
• Community Economic Development Fund - CEDF has numerous loan products to assist small business owners who have problems obtaining traditional financing, CEDF provides loans with flexible terms to ensure business success
• Community Capital Fund - CommCap makes loans to small businesses for capital improvements, working capital, fixed asset acquisition, commercial real estate and leasehold improvements.
• CT Department of Economic and Community Development - The DECD has qualifying tax credit and assistance programs for:
  • Low interest loans for Small Businesses in selected industries
  • Tax credits for new CT jobs in selected industries
  • Assistance for Manufacturers
  • Brownfield and contamination cleanup assistance
• Connecticut Department of Banking - Connecticut Department of Banking protect users of financial services from unlawful or improper practices by requiring that regulated entities and individuals adhere to the law
• US Department of Commerce - Grants from the Department of Commerce
• Connecticut Department of Banking - Find a Credit Union in Connecticut
• Office of Small Business Affairs - Get information on various low interest or revolving loan proagrams offered in Connecticut to small and mid-sized businesses.
• Connecticut Department of Labor - The CT Department of Labor can provide training incentives and resources for qualifying businesses. Contact
• Connecticut Procurement and Technical Assistance - Connecticut Procurement and Technical Assistance helps businesses connect to government procurement opportunities. PTAP matches products and/or services with government bids, registers businesses with government procurement agencies and assists with proposal and bid preparation. 
• Business.gov loan search tool - This site will help you find special loan programs that meet your criteria.
• CHEFA Tax-exempt financing for nonprofits
• Community Investment Corporation (CIC) MicroNOW & MicroLoan programs, established by SBA, provide financing to start-up, recently established or growing small businesses.
• Manufacturing Assistance Act (MAA) - A Department of Economic and Community Development (DECD) program, the Economic and Manufacturing Assistance Act (MAA), provides incentive-driven direct loans for projects with strong economic development potential. Eligible uses for the funds are planning studies, acquisition of real property, construction/renovation, working capital and business support services. Manufacturing Resources
• State of CT Tax Incentives - Connecticut's Tax Incentive Programs