Breaking News
More () »

Hartford announces $1 million Small Business Investment Fund

This new grant program is for businesses that have been open and operating for at least a year.

HARTFORD, Conn. — Hartford Mayor Luke Bronin announced Tuesday the city will use $1 million from a small business investment fund to help small businesses grow and prosper.

It is no secret that new businesses are making downtown Hartford their home, especially in downtown Hartford. This new grant program is for businesses that have been open and operating for at least a year.

RELATED: New flights from Bradley International from Breeze Airways

If you walk down Pratt Street you’ll see signs of growth, new businesses like Gentle Bull opening their doors.

“I love Hartford so seeing it come to life again, especially after the pandemic is really exciting and something I want to be a part of,” said Gentle Bull owner, Gabby Rodrigue.

Sign up for the FOX61 newsletters: Morning Forecast, Morning Headlines, Evening Headlines

Almost every storefront on Pratt Street is full of new locally owned businesses.

“It is important that Hartford business owners and Hartford artists take up space in downtown locations and have this community support them,” said Liz Castle.

RELATED: Multiple Connecticut hospitals seek to shutter labor and delivery centers

While new businesses are popping up in Hartford, officials are making sure long-standing businesses are keeping afloat with new funding.

“We set aside some additional funding from our American Rescue Plan allocation for small business investments of other kinds. We wanted to make sure that businesses that have been here for a while are not left out of the possibility of getting some help as they work to grow and recover and create jobs in our community,” said Mayor Luke Bronin.

The city of Hartford will direct $1,000,000 into the Small Business Investment Fund to help already established businesses continue to grow.

“It’s focused on things like how many jobs are you creating, how many jobs are you retaining, what are your capital investments plans, what does your business plan look like?”

This program isn’t only for businesses with storefronts.

“We didn’t want to leave out those businesses who don’t have a storefront presence but still are creating jobs and creating economic opportunities in our community,” said Bronin.

This application is open for these businesses to apply to right now. Applications will be considered on a rolling basis. For more information, contact smallbiz@hartford.gov.


Have a story idea or something on your mind you want to share? We want to hear from you! Email us at newstips@fox61.com



Download the FOX61 News APP

iTunes: Click here to download

Google Play: Click here to download

Stream Live on ROKU: Add the channel from the ROKU store or by searching FOX61.

Steam Live on FIRE TV: Search ‘FOX61’ and click ‘Get’ to download.



Before You Leave, Check This Out