Contact: Lawrence Cook
June 12, 2012
Answering the call of Connecticut manufacturers, state Senator Steve Cassano (D-Manchester) today voted for a bill that expands Connecticut’s wildly successful Small Business Express grant and loan program to another 3,600 state manufacturers that employ between 50 and 100 people.
“The unemployment rate in Connecticut has been trending downward for the past few years, but it is still too high, so we took additional steps today to address that,” Sen. Cassano said. “I’ve had local manufacturers tell me how pleased they are with the Jobs Bills that we passed in October, but that it needs to be expanded. We listened and took action.”
Today’s legislation included Democratic policy proposals which:
Today’s legislation builds on October’s Jobs Bill, which—among other pro-business policies—set aside $100 million for small manufacturing grants and loans and which so far has attracted over 700 applicants.
Sen. Cassano pointed to some recent news stories touting the ongoing success of the October Jobs Bill (including a state grant to custom cabinet maker in Manchester) and the strength of Connecticut’s manufacturing sector, including a recent state EXP grant to a company that could not secure funding from private banks and had to turn to Connecticut instead to fund its expansion and hiring plans.
“The private-sector banks are turning their backs on Connecticut small businesses,” Sen. Cassano said. “We’re treating local businesses differently. We’re supporting local businesses and putting Connecticut residents and our returning veterans back to work. That’s why we’re spending so much time here in the legislature—like today—on employment and economic policy.”
Chair: Planning & Development
Vice Chair: Education
Legislative Office Building
Hartford, CT 06106-1591
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