OLR Report 2014-R-0258 provides an overview of and data on the Small Business Express (SBE) program.
The legislature created SBE within the Department of Economic and Community Development (DECD) in 2011 (Public Act 11-1, October Special Session). According to DECD, SBE assists small businesses by providing access to capital, supporting job creation, increasing skill development, and encouraging private investment.
To be eligible for SBE financial assistance, a business must: (1) employ no more than 100 employees on at least half the working days in the previous 12 months, (2) operate in Connecticut, (3) have been registered to conduct business in Connecticut for at least 12 months, and (4) be in good standing with the payment of all state and local taxes (CGS § 32-7g).
For more information, read the full report.
