(WTNH) — More cash is coming for small companies in our state. However the commerce group representing Connecticut eating places says it’s not sufficient.
The state introduced $5,000 dollars every for companies with fewer than 20 employees or $1.5 million dollars in annual payroll bills. The grant program funded by way of the CARES Act will go to 10,000 companies by the tip of the 12 months.
Purposes are due subsequent month, however the Connecticut Restaurant Affiliation says the cash is pennies in comparison with what different states are doing and says the eligibility limits will depart 1000’s of small companies out of the operating.
“Assist to maintain these small companies, minority-owned, women-owned, most in danger when it comes to the shortfall that has hit our economic system,” Gov. Lamont stated.
Half of the entire $50 million dollars within the grant program will go to deprived city and rural communities.