Welcome to The City of Groton Business Webpage! Managed by Department of Planning and Economic Development, this webpage provides updates on local economic activities, development initiatives, and connection to resources designed to support business development and growth. Browse at your leisure. Engage with ecosystem partners. And feel free to connect the City’s Economic Development Manager with any questions. Google: Digital Readiness Series, a four-part free digital readiness series designed to help small business owners develop the skills they need to succeed online and grow their companies. Ascent is a free digital e-learning platform geared to help women entrepreneurs grow and expand their businesses. CT Small Business Development Center has an array of free online training videos for entrepreneurs. Women’s Business Development Council eLearning Library Supports economic prosperity for women and strengthen communities through entrepreneurial and financial education services that create and grow sustainable jobs and businesses across Connecticut. From starting or growing a business to increasing income, the Women’s Business Development Council drives business success in a tangible and accessible way. WBDC Introduces Blue Stream, training in a flexible framework for entrepreneurs on the move! Business Advisors offer professional, confidential, and expert business advice for owners and entrepreneurs to start, grow, overcome challenges and reach their goals. The nation’s largest network of volunteer, expert business mentors, dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE have provided education and mentorship to more than 11 million entrepreneurs. SCORE provides a wide range of services to established and budding business owners alike, including: Entrepreneurs can access free, confidential business mentoring . SCORE mentors, all experts in entrepreneurship and related fields, meet with their small business clients on an ongoing basis to provide continued advice and support. SCORE regularly offers free online workshops on topics ranging from startup strategies to marketing and finance. Attendees can watch webinars live, or view recordings online on their own time. We also offer interactive courses on demand, so you can walk through each module at your own pace. Business owners can also benefit from SCORE’s extensive collection of eguides, templates, checklists, blogs, videos, infographics and more. We strive to provide the most relevant and current educational content to help small business owners and entrepreneurs succeed. Groton, Connecticut, is a growing New England community positioned midway between New Haven and Providence along I-95. With easily accessibility to the major metro areas of Boston and New York City, explore the many opportunities and quality of life Groton CT has to offer. The designated private, non-profit Economic Development Organization provides a broad range of services and resources to stimulate and support economic development and diversification within the Southeastern CT region. SeCTer now offers free business advising! Through the addition of Business Advisor Judith Lamson-Rockwell, supported by a subcontract from the Small Business Development Center. Judith brings to seCTer a diverse background in business and management. Click here to register for business advising today! Works to build a place where business, government, higher education, and nonprofits come together to implement high impact and inclusive economic development solutions to advance the overall competitiveness of Connecticut. AdvanceCT can assists your business in: Your one stop shop for doing business in Connecticut. Sign up to receive the City of Groton’s digital bi-weekly Business Update Tax Increment Financing Economic Assistance Fund Enterprise Zone Newly formed corporations located in a zone qualify for a 100% corporate tax credit for their first three taxable years and a 50% tax credit for the next seven taxable years. Eligibility: These programs are designed to encourage capital improvements to land and/or buildings. Businesses must be prepared to either: For more information visit CT Department of Economic and Community Development Eastern CT Manufacturing Pipeline initiative provides no-cost training to address the hiring needs of Electric Boat, members of the Eastern Advanced Manufacturing Alliance, and other manufactures. Health Careers Advancement Project provides no-cost short-term training in Patient Care & Nursing, Emergency Medicine, Community Health & Patient Navigation, and Health Information Management SkillUp CT is a career pathway portal providing free online courses to Connecticut residents. 180 Skills is an online learning provider that has hundreds of high-quality, industry-aligned courses that have been vetted by Manufacturing leaders and associations across the state. For individuals looking to enter a thriving CT manufacturing industry or to enhance their general employability skills, 180 Skills could be a great fit for you. On-the-Job Training with the Eastern CT Workforce Investment Board is a cost-effective way to staff positions with job-ready, pre-screened applicants. Funds are available to assist employers in hiring eligible applicants with 50% to 90% wage reimbursement during training. The 2019 Groton Economic Development Strategy is designed to empower Groton communities in creating an economic future that realizes their full potential. The Vision: becoming communities of choice while hosting a diverse economy with innovation and activity that will lead to regional transformation and shared prosperity. What sets this strategy apart from others is the guiding principle of putting people first. Groton is home to a diverse population with varying needs and interest. This strategy seeks to look at the intersection of people with place. The Strategy’s Overarching Goals include: Incorporated in 1964 the City of Groton takes pride in the entrepreneurial spirit, vision, and perseverance found in its business community. Throughout the City’s history, economic growth has been fueled by ambitious individuals and collaborative efforts that have pushed the needle forward. The City of Groton’s Economic Development staff and commission are committed to supporting the recovery and revitalization of our local economy by proactively unifying economic interests. Our team strives to unite stakeholders in creating a future that realizes the community’s full potential. New or moving to the area? Get connected with the best of Eastern Connecticut through Community Concierge Relocation GuideCierra Patrick, Economic Development Manager
860.446.4066
Patrickc@CityofGroton-CT.gov
CT Women's Business Development Council
CT Small Business Development Center
SCORE
Mentoring
Webinars and Courses on Demand
Library of online resources
Explore More Groton
SeCTer
AdvanceCT
Connecticut Business
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TIF Districts leverage the increased tax assessment that is realized over a baseline assessment value. The tax revenue generated is placed into its own account and can be reinvested into the District for public infrastructure improvements (i.e. utilities, streets, walks, recreation, etc.), used to assist with private development, or moved into the general fund for other purposes. The City has adopted a TIF district along the Thames/Bridge Street corridor from I-95 to Eastern Point Road and extending through the Five Corners area to Clearance B Sharp highway. Please refer to the map below. For more information visit City of Groton Tax Increment Financing District
Financial support for public infrastructure associated with new development projects. Examples uses include: utility line extensions, sidewalk/road improvements, and traffic control/street lighting.
Economic Assistance Fund
Companies involved in manufacturing, research associated with manufacturing and distribution warehousing (new construction/expansion only) as well as certain service companies that develop properties in an Enterprise Zone or a zone that is eligible for Enterprise Zone-level benefits will receive:
City of Groton Small Business Funding
*Applicants are eligible for one grant per project, per calendar year. The Economic Development Commission may waive this provision, but in no case can the total reimbursement exceed $2,500/year/business. Applications for work completed within the previous six (6) months prior to the submittal of a grant application can be considered for this program.
For more information please contact Cierra Patrick, City of Groton Economic Development Specialist at Patrickc@CityofGroton-CT.gov
Economic Development Grant Program Policy & Procedures
Business Soft Cost Application
Minor Façade Improvement Application
***Check out the City of Groton bi-weekly Business Update for funding opportunities from regional, State, Federal, and philanthropic sources***