Welcome to The City of Groton Business Webpage!
Managed by Department of Planning and Economic Development, this webpage provides regularly updates on local and regional 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 Specialist with any questions.
Cierra Patrick, Economic Development Specialist
Apr 13th 10:30am-12:00pm SBA: Creating a Winning Capability Statement
Apr 13th 5:30-7:00pm SCORE: Fundamentals of Starting or Growing a Business: Session Three ~ “Marketing & Sales Basics”
Apr 13th 5:30-7:00pm SCORE: Fundamentals for Starting Your Business
Apr 14th 10:30am-12:00pm SBA: Marketing and Selling to the Federal Government
Apr 15th 10:30am-12:00pm SBA: Finding Contracting Opportunities
Apr 20th 10:30am-12:00pm SBA: Federal Solicitations~ Should You Respond?
Apr 20th 5:30-7:00pm SCORE: Fundamentals of Starting or Growing a Business: Session Four ~ “Digital Marketing Must-Haves”
Apr 21st 10:00-11:30am WBDC: Women-Owned Business Day 2021
Apr 21st 10:30am-12:00pm SBA: Responsive and Responsible Bidding
Apr 22nd 10:30am-12:00pm SBA: GSA for Small Businesses
Apr 22nd 12:00-1:30pm SCORE: Advertising on and Measuring the Impact of Facebook
Apr 27th 10:30am-12:00pm SBA: Women Owned Small Business Program
Apr 27th 5:30-7:00pm SCORE: Fundamentals of Starting or Growing a Business: Session Five ~ “Show Me the Money”
Apr 28th 10:30am-12:00pm SBA: Historically Underutilized Business Zone Program
Apr 28th 12:00pm-1:00pm Entrepreneur: Signs Your Accounting System is Holding You Back
Apr 29th 10:30am-12:00pm SBA: 8(a) Business Development Program
May 4th 10:30am-12:00pm SBA: SBA Mentor Protégé Program and Joint Venture Agreements
May 5th 10:00-11:30am SCORE: Managing Your Business Finances with QuickBooks
May 6th 12:00-1:00pm SCORE: CT Paid Leave: What You Need to Know
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.
Connecticut Main Street Center has arranged a Small Business Resource Library
CT Women's Business Development Council
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.
CT Small Business Development Center
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.
Explore More Groton
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:
- Manage challenges faced as a result of regulations and policies
- Connection to resources (state, local officials and agencies, peer organizations, professional associations, business resource organizations, funding partners, etc.)
- Provide information to support business decision making (economic data, industry data, transit data, workforce data, etc.)
- Support during the process of business expansion (finding real estate opportunities, the land use regulatory process, acquiring incentives)
Announces Historic Investment in Child Care Programs Impacted by the COVID-19 Pandemic
- The plan includes:
- Expanding access: A central piece of the plan includes a two-year, $50 million investment to pay for child care through Connecticut’s Care 4 Kids program for parents enrolled in higher education and approved workforce training programs. This will support parents who have been displaced from their jobs during the pandemic and are in need of child care while they receive workforce training and education to re-tool for new job opportunities. Connecticut is one of only three states that excludes parents in higher education and workforce training programs from child care support.
- Supporting child care workers: A total of $120 million will be used for operational stabilization grants for struggling child care businesses that have been hit hard by the impact of the pandemic. Many of these businesses have faced economic hardships as child care enrollment has been limited, health and safety measures have been costly, and overall child care program revenues have been significantly reduced. Some programs have closed their doors, with the remainder fighting to keep their doors open to the children and families they serve. Grants are open to all licensed child care centers, group child care homes, family child care homes, and license-exempt programs that accept Care 4 Kids child care subsidies. Grants have an equity focus, with total funding weighted to support programs in underserved communities hardest hit by COVID-19.
- Investing in quality: The plan also invests $26 million over two years in high-quality child care programs that will pay substantially higher market rates to programs that are accredited by the National Association for the Education of Young Children and the National Association for Family Child Care. An additional $6 million will provide support and coaching to child care programs working to secure accreditation and related fees. Research shows that investing in higher quality child care programs yields better short and long-term outcomes for children.
- The plan includes:
Applauds House Passage of Legislation Relaxing State Laws on Outdoor Dining at Connecticut Restaurants
- House Bill 6610 permits restaurants to operate under relaxed rules through March 31, 2022, and allows municipalities to expedite permanent changes to their zoning rules if they wish to expand the availability of outdoor dining and retail activity. Relaxed restrictions enable these businesses to provide expanded service to their customers outside.
For more information visit CT.gov
Neighbors to Neighbors Grant is designed to be flexible in supporting the work of organizations meeting the basic needs of residents of Eastern Connecticut, especially our most vulnerable populations. It complements the work of federal, state and municipal government relief efforts, to identify and fill gaps, and to expand local capacity to address all aspects of the crisis as effectively and efficiently as possible.
Pfizer Community Grants Campaign is designed for local non-profit organizations serving communities in Southeastern Connecticut, the greater New Haven area, and southern Rhode Island. Priority will be given to programs that bring STEM (Science, technology, engineering, and math) to students from elementary through high school. additional grants will be made to programs that provide for underserved or to support local civic and cultural institutions. Grants will range from $1000-$5000 and support programs from July 2021- June 2022. Invitation Code: Groton2021. Application deadline March 31,2021.
The Payroll Protection Program provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Application deadline March 31, 2021.
The Connecticut Department of Economic and Community Development (DECD) offers the following programs:
- Small Business Express Program
- Manufacturing Assistance Act
- Minority Business Revolving Loan Fund
- Pre-Seed Financing
- Additional funding opportunities
The U.S. Small Business Administration (SBA) is offering a new financial assistance loan called CARL, this program offers financial and technical assistance to help small businesses adapt to changing business conditions in the COVID-19 environment and strengthen their ability to manage through potential future disruptions. For more information visit Community Advantage Recovery Loans
Businesses have access to the following programs through Connecticut Small Business Development Center:
- Economic Injury Disaster Loan
- Shuttered Venue Operators Grant
- HartBeat Main Street Program
- SBA Traditional Loans
HEDCO provides small businesses and non-profit organizations access to flexible and affordable capital that would be otherwise un-met or under-served.
Community Economic Development Fund provides loans and technical assistance to Connecticut small business owners who are not able to obtain traditional bank financing.
Connecticut Community Investment Corporation provides access to capital that may not be available elsewhere as well as financing opportunities for expanding businesses looking to purchase real estate and/or machinery and equipment.
BDC Capital provides financial assistance with loans, mezzanine and equity investments, guarantees, and financial services to businesses of every type and description.
The State Historic Preservation Office is offering a reimbursable Stewardship Relief Grant of up to $1,000 to Connecticut 501(c)3 nonprofits. The purpose of this funding is to encourage and support the continued safeguarding of historic resources at a time when many organizations are experiencing economic distress because of the Covid-19 pandemic.
Connected Commerce Council aggregated available public and private funding options in and easy to navigate tool- Finding Assistance & Relief
COVIDCAP is a searchable database of over $1 trillion in COVID-19 cash relief resources available to small business and nonprofit entrepreneurs.
Business Soft-Cost Grant
Grant funds are available to reimburse owners/operators for soft costs associated with opening or expanding a small business in the City of Groton. Eligible expenses include: architectural fees, survey/soil scientist costs, engineering expenses, legal fees specific to planning and zoning, and consultant fees specific to business operations, pre-approved by staff.
Business Soft Cost Grant Policies and Procedures
Business Soft Cost Grant Application
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
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.