Virtual forum with Congressman Joe Courtney on Monday, 4/27 at 2 PM

The Chamber of Commerce of Eastern CT and the Greater Norwich Area Chamber of Commerce have teamed up to offer a virtual forum with Congressman Joe Courtney on Monday, 4/27 at 2 PM. Please feel free to attend and also share this information with your contacts.
Event Invitation
Virtual Forum with Congressman Joe Courtney
The Chamber of Commerce of Eastern CT and the Greater Norwich Area Chamber of Commerce invite you to a Zoom meeting with US Congressman Joe Courtney as we discuss the latest developments to the CARES Act, impacts to the region’s business community, and more.

There will be time for questions.

Please register to receive the Zoom/dial-in information.

Date: Monday, April 27, 2020
Time: 02:00 PM – 03:00 PM EDT
Location: Zoom Meeting
Fees/Admission: FREE
Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region

$2 million program will be allocated to minority-owned and women-owned small businesses

HEDCO, Inc. has partnered with Governor Lamont, State of Connecticut, the CT Department of Economic & Community Development (DECD) and the CT Minority Business Initiative to provide financial relief to minority-owned and women-owned small businesses negatively impacted by the coronavirus pandemic.

Under the COVID-19 Business Response Program, a qualifying small business with 20 or fewer employees may apply for a zero-interest Line of Credit for up to $20,000.

This $2 million program will be allocated to minority-owned and women-owned small businesses. The program will be administered and underwritten by HEDCO, Inc.


To be considered for this program, your small business must:

  • Be a for-profit business with no more than 20 full-time and/or part-time employees

  • Be a minority-owned and/or woman-owned small business (minimum 51% of minority/woman ownership required)

  • Be in good standing with the Department of Revenue Services (DRS)

  • Have been conducting business for a minimum of six-months

Terms & Conditions

  • Line of Credit up to $20,000

  • 0% interest rate

  • One-year Line of Credit, payable in full 12 months from the date of closing

  • Working capital Line of Credit

  • No application fee

  • Closing fee of $250.00, which can be included in the cash flow projections

  • The debt is eligible to be forgiven if the company can demonstrate that the funds were used to cover the first 3 months of expenditures due to COVID-19.  In order to receive forgiveness, the business must show documentation of expenditures in accordance with your cash flow projections

Application and Approval Process

  • Download and complete the 1-Page Application

  • Download and complete the Cash Flow Statement 

  • Provide a Profit and Loss Statement as of December 31, 2019

  • Provide a Year-to-date (YTD) Profit and Loss Statement as of March 31, 2020

  • Provide Evidence of DRS Clearance (Department of Revenue Services)

  • Provide Evidence of 3-month cash flow needs

  • Submit all documentation to underwriting via email correspondence to


All due diligence will be completed by HEDCO.

If your loan application is approved, HEDCO will:

  • Issue a Commitment Letter outlining terms and conditions

  • Prepare closing documents for Client’s signature

  • Issue a check with the funds

Contact Information and Additional Support

Any of the following organizations are available to answer your questions and/or assist with the completion of your application:

Entrepreneurial Center and Women’s Business Center, University of Hartford

Contact: Milena Erwin, WBC Program Manager


Southeastern Connecticut Enterprise Region (SeCTer)

Contact: Annie Chambers


Spanish American Merchant Association (SAMA)

Contact: Rosa Jacinto


Women’s Business Development Council

Contact: Kenyétta Banks


CT Small Business Development Center (SBDC)

Contacts: Joseph Williams, Griselda Champagne, Christine Sullivan

To request support, click on the “Sign Up for Advising” button here

NOTE: Reference “Minority/Woman Owned HEDCO Line of Credit”

For additional information or questions about the program, contact HEDCO at or (860) 527-1301 x18.

Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region

AdvanceCT asking businesses to fill out a 17 question survey to let state leaders know the effects of the COVID-19 crisis.

Dear partners, stakeholders, and Connecticut business owners:

I hope this finds you all weathering this crisis in good health and spirits.

The last time I communicated with you, Connecticut was firmly entrenched in the assessment phase of the COVID-19 crisis. I am pleased to tell you that we are now spending less of our time on assessing the issues and more on plans to reopen and recover.

We are looking to the day when we can reopen our economy in a way that balances commerce and public safety. We are moving closer to a plan to reboot our economy with protocols that safeguard our business owners and citizens. In the coming days, you will hear more from Governor Lamont and Connecticut’s leadership on this subject.

To properly guide our recovery plan, we need information and feedback from Connecticut’s businesses. This information will assist us in prioritizing the protocols and elements of the overall reopening plan. Your participation in the survey below is an important part of the process. 

Below you will find a link to a second, follow-up business survey, that we have developed in partnership with DECD and CBIA. Our goal is to provide feedback to the state and policymakers regarding how Connecticut businesses have been impacted by the COVID-19 crisis. By having a “finger on the pulse”, the state can modulate its response, track how businesses have been affected by the pandemic and prioritize recovery initiatives.

COVID-19 Phase II Business Impact Survey
I urge you to take the time to complete this second-phase, 17-question survey and share it with other Connecticut businesses. The more responses we have, the more meaningful the data.

We strongly encourage you to participate in the survey. Connecticut will get through this crisis together.


Peter Denious
President & CEO, AdvanceCT

email: Dated 04-17-2020
To help the state formulate more effective recovery initiatives.

DECD/HEDCO COVID-19 Response Program Line of Credit for Minority or Women owned Businesses

The State of Connecticut, DECD, CT Minority Business Initiative and HEDCO, Inc. have partnered to offer the COVID-19 Business Response Program Line of Credit. This program is offered to minority-owned or woman-owned businesses with 20 or less employees that have been negatively impacted by the COVID–19 pandemic. Lines of Credit of up to $20,000 are available.


SeCTer is proud to be a provider of technical assistance to businesses with interest in this program. Annie Chambers, Director of Loan Programs, can answer questions about the program and help businesses apply. Annie can be reached at or 860-437-4659. Feel free to contact me, as well.


Please see an information sheet and the application attached. For complete details see


HEDCO DECD Line of Credit

COVID-19 Response Line of Credit Program Application

Navigating the CARES Act For Startups & Early-Stage Companies



Is my startup eligible for the Payroll Protection Program in the CARES Act?

We’re a pre-seed venture – do we qualify for assistance?

How do the SBA’s “affiliation” rules affect my application?

These are a few of the hundreds of questions pre-seed, startup and early-stage company leaders have about new federal and state programs created to assist businesses during and after the COVID-19 crisis. You can start to get some answers here.


Connecticut Small Business Development Center & CTNext present




Presenting: Valeria G. Bisceglia, CT Small Business Development Center (CT/SBDC)

Tuesday, Apr 14, 2020 11:00 am
1 hour 30 minutes

Meeting number: 618 090 304
Password: 73Mf3YpkakN
Meeting Link:

Join by video system:
Dial 618090304 at
You can also dial and enter your meeting number.

Join by phone:
+1-415-655-0002 US Toll
Access code: 618 090 304



Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region


Governor Lamont hosts call for employers: Thursday 4/9/2020, 1 pm

Governor Lamont is hosting a statewide conference call for employers at 1 pm Thursday, April 9, featuring officials from the U.S. Small Business Administration and the Departments of Economic and Community Development, Banking, and Insurance. Topics include: Federal Paycheck Protection Program, Economic Injury Disaster Loans and Grants, and Connecticut initiatives to assist businesses and residents – Mortgage deferment and assistance  and the Health insurance grace period.


Thursday, April 9, 1-2 pm 

Call: 888.456.0356

Passcode: 2802806# 


Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region

PPP: What Small Businesses and Non-Profits Need to Know

The Paycheck Protection Program, part of the recently passed CARES Act, authorizes up to $349 billion in forgivable loans to small businesses during the COVID-19 crisis.

What does that mean to you and your business?
While the loan application process officially opened last Friday,
you may still have unanswered questions about the Program and
the best path forward for you and your business.

What’s the difference between EIDL and PPP loans?
If I applied for EIDL, can I still apply for PP?
Are non-profit organizations eligible?
What about sole proprietors?
Which should I do: apply for a PPP loan or file for  unemployment?

If you are a non-profit or a small business with
fewer than 50 employees, please join WBDC on Tuesday
for a panel discussion to address your questions.
Our panelists include BJ Bumactao, Webster Bank;
SBA Assistant District Director Moraima Gutierrez;
Human Resources consultant Robin Imbrogno; and
Holly Richardson, PwC.

WBDC CEO Fran Pastore will moderate the discussion and Q&A.


April 7

3:00PM – 4:00PM

Zoom meeting:
(646) 558-8656
Meeting ID:
620 214 806


DOL Webinar & CARES Act Webinar

Event Invitation #1: 

Webinar: CT Department of Labor Updates and FAQs
April 8, 2020 at 1:00 PM

Join us for a helpful webinar provided by the CT Department of Labor. Guest speaker Terry Kowalski, Operations Coordinator, will share insights and answer questions regarding unemployment insurance, paid sick leave, SharedWork, and other DOL programs.

Click here to learn more or register.

Event Invitation #2:
Webinar: 5 Things you Need to Know about the CARES Act

April 9, 2020 at 12:00 PM

Join Kristi Kelly, Theodore Heiser, and Raymond Barilbeault from Suisman Shapiro as we break down the Coronavirus Aid, Relief and Economic Security (CARES) Act. This presentation will focus on the Payroll Protection Program, unemployment compensation enhancements, interaction between the CARES Act and FFCRA, and individual benefits under the Act. Enjoy your lunch from behind your screen while you learn about this important legislation.

Click here to learn more or register.


Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region

Federal Assistance for Your Businesses through the CARES Act

Attention Small Businesses and Non-Profits:

Federal  Stimulus ‘Cares Act’ Webinar Series

With the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) by Congress and signed by the President last Friday, there are a variety of federal programs with substantial resources that could benefit you and your business. We encourage you to consider these programs:

  • Paycheck Protection Program (PPP) Loans – provide cash-flow assistance through federally-guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans will be forgiven.
  • Economic Injury Disaster Loans & Emergency Injury Grants – an emergency advance of up to $10,000 to small businesses and private nonprofits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). Grants and loans may be used to keep employees on payroll, pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
  • Small Business Debt Relief Program – provides immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under this program, the SBA will cover all loan payments on previously secured SBA loans, including principal, interest, and fees, for six months.

Additional Resources:

  • Small Business Owner’s Guide to the CARES Act [link]
  • Small Business Administration loans: Federal assistance will be channeled through the Small Business Administration (“SBA”), including its lenders.
  • Visit this link for a list of SBA lenders in Connecticut who can help you access the federal assistance
  • If your business banks with one of these SBA lenders, you should contact them about submitting an application for PPP and other resources under the CARES Act.
  • If you do not currently bank with an SBA lender, you may want to contact one or more SBA lenders to get into their queue.

In collaboration with Eversource Energy, Connecticut Natural Gas, Southern Connecticut Gas, United Illuminating, DEEP, DECD, and Connecticut Green Bank, we are co-hosting several webinars regarding the CARES Act.
Please join us for any of the following three (3) webinars:

Friday, April 3, 2020 – from 12:00 to 1:00 p.m.

Monday, April 6, 2020 – from 12:00 to 1:00 p.m.

Tuesday, April 7, 2020 – from 12:00 to 1:00 p.m.

For additional information, visit the DECD Business Resources page (click here) as well as the Energize CT COVID-19 Information for Contractors page (click here).

Grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19

LISC is pleased to announce the Verizon-LISC COVID-19 Recovery Fund is now open and accepting applications. This fund provides grant support to help address the immediate financial impact on small businesses due to the pandemic. LISC is grateful for Verizon’s partnership for making this program a reality.

Click here to access the application. Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

Please keep the following in mind:  

  • For business owners with multiple businesses, please answer this survey based on your largest business owned.
  • Each awardee is limited to one grant per tax ID. You will need this ID to complete the application.
  • Eligibility is based on accurate and complete submission of request to include required documents uploaded.
  • This program is not eligible to employees of Verizon or LISC.
  • Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

Who is eligible?
LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses, and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.

What it can be used for?

  • Paying rent and utilities
  • Meeting payroll
  • Paying outstanding debt to vendors
  • Other immediate operational costs

Email for questions and troubleshooting. We will get back to you as soon as possible.

Apply Now




Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.

Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.

Additionally, Verizon recently launched #PayItForwardLIVE, a weekly livestream from big names to pay it forward for small businesses. Viewers can tune in every Tuesday and Thursday at 8PM ET/ 5PM PT on @Verizon’s Twitter, Yahoo, Twitch, and Fios Channel 501. As people support their favorite small businesses with #PayItForwardLIVE, Verizon will commit an additional $10 per use of the hashtag, up to $2.5 million, for a total of up to $5 million in support.


Thanks to Melinda Wilson, Assistant Director of Economic Development, SE CT Enterprise Region