The City of Groton Economic Development Commission is launching a new Business Soft-cost Grant Program (BSC). The purpose of the BSC Grant is to assist new or expanding City businesses owners with covering some initial, often unanticipated soft costs associated with the planning and zoning process, including surveying and architectural expenses.
The grant award serves as a reimbursement to the business or property owner for actual expenditures and can be approved for up to $1,000.
Quick Facts and the full Policies and Procedures along with the Application form can be assessed on the “Doing Business” page of the city website under the header “Business Assistance Grant Program”
Hard copies are also available at the front desk at the municipal building and from the Planning/Development office in the City Municipal Building, 295 Meridian St.
“This is an exciting new development in economic development initiatives for the City and the Economic Development Commission (EDC), said Cheryl Auerbach, Chairman of the EDC. We want our business and service community to know that we have their backs and hope that a successful launch of the BSC grant will lead to future growth in business incentives that we can offer.”
Mayor Keith Hedrick praised the work of the EDC. “The City has supported the work of the Community and Economic Development Committee and now the Economic Development Commission as critical to growing and diversifying our economic base. An EDC that has members that are themselves business and commercial leaders in our area, really has helped define where the City can help sustain the private investment happening here.”
For more information on this grant and other EDC initiatives, contact the Planning Department, Barbara Goodrich, 860-446-4169, email@example.com