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 

Sign up to receive the City of Groton’s digital bi-weekly Business Update 

• Business Soft Costs up to a $2,500.00 reimbursement grant per business. Grant award will reimburse documented and eligible soft costs associated with opening or expanding a business in eligible zones.

• Minor Façade Improvement Costs up to a $2,500 reimbursement grant per active business tenant. Grant award will reimburse eligible and documented minor façade improvement costs associated with rehabilitating a commercial façade within the City of Groton Tax Increment Financing District. Property owners with multiple business tenants are encouraged to collaborate with business tenants, where feasible, to develop façade plans. Applicants are required to provide the City of Groton Planning & Economic Development a schematic sketch of proposed minor façade improvements, before and after pictures, and receipts for all work completed.

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Tax Increment Financing
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

Economic Assistance Fund
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

Enterprise Zone
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:

• a five-year, 80% abatement of local property taxes on qualifying real estate and personal property (note: the company must be new to the municipality’s grand list as a direct result of a business expansion or renovation); and
• a 10-year, 25% credit on the portion of the corporate business tax that is directly attributable to a business expansion or renovation project, as determined by the Connecticut Department of Revenue Services. The credit may increase to 50% based on number of new jobs created.

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:

• renovate an existing facility by investing at least 50% of the facility’s prior assessed value in the renovation; Or
• construct a new facility; Or
• expand an existing facility; Or
• acquire a facility that has been idle for a stated minimum time frame

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:

• Increase the percentage of people who both live and work in Groton
• Shape Groton’s pockets of economic activity into places where people connect
• Strengthen and diversify the transportation network to accommodate transformative growth
• Promote and connect Groton’s educational assets from early education through higher education, lifelong learning, and new career development
• Grow and diversify existing and emerging opportunities
• Provide an environment that nurtures entrepreneurs and startup companies
• Connect, communicate, and educate on economic development

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.

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