The Middlesex County Revitalization Commission is offering a new two-year funding program for retail, retail services, and restaurant businesses located in East Haddam and Haddam.
Donor Name: Middlesex County Revitalization Commission
State: Connecticut
City: East Haddam, Haddam
Type of Grant: Program
Deadline: All Time
Size of the Grant: Not Available
Grant Duration: 2 Years
Details:
The program is designed to boost sales for businesses that are experiencing lost revenue due to the construction-related disruptions.
The Bridge Bucks Program was developed:
- To provide an innovative way to encourage repeat customers and increase sales for the businesses affected by the bridge and road construction in Haddam and East Haddam.
- To show the state and local commitment to the businesses located within the bridge and road construction areas.
- To maintain a healthy business community within the bridge and road construction radius, leading to maintained and increased employment opportunities for local residents.
Eligibility Criteria
Eligible businesses are defined as a business that produces, sells, or services any type of consumer goods, and has a significant reliance on drive-by traffic, generally, defined as retail, retail service, and restaurants.
- The business may be a for-profit United States Corporation, LLC, partnership, sole proprietorship, or a non-profit organization [501(c)3 or 501(c)4] and possess good character and reputation.
- Be located within the towns of East Haddam or Haddam, and within 10 miles of the East Haddam Swing Bridge.
- The applicant must be in good tax standing with the State of Connecticut Department of Revenue Services.
- The applicant must be compliant with the Connecticut Department of Labor Office of Unemployment Assistance and all applicable state and federal employment laws and regulations, including but not limited to minimum wages, unemployment insurance, workers’ compensation, and child labor. Proof of good standing will be required.
- The business must be in good standing with the town where they are located.
- The business must be up to date on all prior MCRC and state lending programs, if applicable.
- Please note even if the business meets these conditions, it will be disqualified if it has any of the following:
- Active bankruptcies or eviction proceedings
- Owners with unpaid child support
- Outstanding tax liens/judgments
Ineligible businesses include:
- Corporate-owned chains or franchises with two or more locations (single-location franchises are eligible to participate)
- Payday loan businesses
- Adult-oriented businesses
- Passive real estate investments
- Pyramid schemes or multi-level marketing firms
For more information, visit MCRC.
