Announcement: The Federal Reserve’s 2021 Small Business Credit Survey is open for responses, and CTSBDC is a partner on this effort. By taking the survey, you contribute to data that directly informs the Fed, federal government agencies, service providers, and others—ultimately benefitting your business and other businesses like yours. Take the 10-minute survey now. Start Survey

Business Tips

September 10, 2021

How to Support Small Businesses During Small Business Week

September 13 marks the start of the 2021 Small Business Week. For more than 50 years, the U.S. Small Business Administration has celebrated National Small Business Week (NSBW), which recognizes the critical contributions of America’s entrepreneurs and small business owners. As a small business owner, you can attend the 2021 National Small Business Week Virtual […]

July 30, 2021

How the New Marijuana Law Impacts Employers in Connecticut

On June 22, 2021, Governor Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-Use Cannabis into law, legalizing the use of recreational marijuana in our state. The new law allows adults (21 and older) to have on their person up to 1.5 ounces of marijuana or have up to 5 ounces in a […]

June 23, 2021

PPP Forgiveness Tips

The deadline to apply for forgiveness for Round 1 of your Paycheck Protection Program loan may be around the corner. Make sure you are familiar with the specifics when applying. Here are a few tips we wanted to share with you to maximize forgiveness: Remember: You can apply for forgiveness at any time up to […]

June 10, 2021

Hiring Resources

The state is open. Customers are getting vaccinated in record numbers. Businesses are ramping up and are looking to hire staff. If you are looking to recruit staff, interview, or train – all while trying to get back to business after the pandemic – we have pulled together a variety of resources that can help […]

March 3, 2021

Delegating Responsibility

Whether you are new to business or have been doing things by yourself for some time, it can be challenging to consider delegating some of your responsibilities to others. Instead, it tends to feel more comfortable making decisions on your own. Yet, it gets to a point where you can either run the business or […]

February 8, 2021

AFWERX SBIR/STTR Open Topic: What you need to know

What is SBIR and STTR? Small Business Innovation Research and Small Business Technology Transfer are programs offered by the federal government to encourage small businesses to submit proposals with their technology. This opportunity is significant for small businesses that are looking to explore their technological potential but don’t necessarily have all the resources needed to […]

February 8, 2021

What Employers Need to Know about CT Paid Family Leave Act

About the CT Paid Leave Act Starting January 1, 2021 private sector employers with one or more employees will need to begin withholding a payroll deduction of one-half of one percent (0.5%) in compliance with the CT Paid Family and Medical Leave Act (CT PFMLA).  The CT PFMLA allows eligible employees to be compensated while […]

November 5, 2020

State Trade Expansion Program (STEP): Should your business start exporting?

As many small businesses work to recover or restructure their business, exporting may be an option to consider. According the SBA, total US Exports are $2.5 trillion with New England exports totaling $54 billion. Connecticut exports represent 30% of overall exports from New England, totaling $180 million. * The Connecticut Small Business Development Center has […]

July 28, 2020

A Look at Connecticut Small Business Performance and Outlook During the Early Phases of the Pandemic

The U.S. Census recently completed a 9-week Small Business Pulse Survey in order to get real time economic data from U.S. small businesses during the COVID-19 pandemic. Gathering data from businesses each week from April 26 to June 27, the Census has published the weekly responses by state and by industry sector for a variety […]

July 16, 2020

EIDL Advance Discontinued, but EIDL Loan Remains Open

On Monday, July 13, the Small Business Administration announced the full allocation of the $20 billion authorized by Congress for the EIDL Advance Program, which allowed small businesses and nonprofits to obtain an up to $10,000 interim advance while applicants waited to receive loan funds. While the EIDL Advance is no longer available, please note […]