CFA has joined other state business groups in asking for the creation of a $70-million grant program to help small businesses being hit hard by the COVID-19 pandemic.

In March, the CARES Act stimulus bill was passed by Congress and signed into law, sending nearly $1.4 billion dollars to Connecticut.  While much of this funding has been allocated or earmarked, hundreds of millions of unallocated dollars remain. The creation of a new small business grant program with $70 million in funding (approximately 5% of Connecticut’s total stimulus funding) would send a lifeline to thousands of local businesses that are struggling to remain open right now.

View the letter sent to Governor Lamont here.