*Message sent from a system outside of UConn.*


Patrick et. al.:
Here is the link to Middletown's Small Business Grant program.

https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.middletownct.gov%2F1147%2FCDBG-Small-Business-Grants&data=04%7C01%7C%7Cd6f83be3942a4c1a3e4508d9745bab91%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637668759331485217%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=O0rxbPQPE9%2FbGuEmKPqYX0sjm64lHVPRGAzrAncTnBo%3D&reserved=0

We used CDBG funds for it; so the application and reporting requirements are fairly stringent and will be different than those for ARPA funding.  We've granted nearly $300,000 to local businesses.  Please note the City Council just passed (Tuesday) a resolution to lower the 24 month requirement to 6 months we just haven't updated the website.  The grants were for $5,000.

 My suggestion is grants are better than loans as the latter are difficult to administer; and, you grant at least $10,000.  We got feedback that there was too much effort required for $5,000.

Regards,
Thomas Marano
Economic Development Specialist
City of Middletown
245 deKoven Drive
Middletown, CT
[log in to unmask]
860.638.4839
203.605.2669 cell


-----Original Message-----
From: Econdev-L <[log in to unmask]> On Behalf Of Patrick McMahon
Sent: Thursday, September 9, 2021 10:49 AM
To: [log in to unmask]
Subject: Small Business Grants/Loans Utilizing ARPA

This email was sent by someone outside of the City of Middletown.

Good morning,

Is your municipality planning to utilize American Rescue Plan Act funds for either small business grants or loans?  If so, have you developed criteria and an application process for such funds that you would be willing to share?

Thanks,

Patrick

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