E-mail not displaying correctly? View it in your browser.
Senate Majority Leader Bob Duff: Jobs Report

February 11, 2016

Capitol address
Legislative Office Building
Room 3300
Hartford, CT 06106-1591


On the Web

Capitol: 860-240-0414
Toll-free: 1-800-842-1420
Home: 203-840-1333

Follow me on...
RSS icon   Facebook   Twitter   flickr icon   YouTube icon
Instagram icon

Investing in Small Businesses

VIDEO: InvestCT with Duff
Last week, I joined Syd Kain, president of Sovereign Home Health Connecticut, at the company's Norwalk headquarters to tout the state's InvestCT program (formerly the Insurance Reinvestment Fund) which helped Sovereign Home Health create 40 jobs.

Like many small business owners, Syd was having trouble accessing capital to grow his business. Fortunately, he heard about InvestCT.

Nearly 100 small businesses have utilized InvestCT to create and retain more than 2,600 jobs. For every $1 of tax credit invested, $2.21 is returned to the state. This is another example of how we are moving Connecticut's economy forward.

InvestCT allows insurance companies to earn tax credits based on investments they make in high-growth Connecticut businesses. The program targets investments in green energy, manufacturing and growth in urban centers. In order for the insurance companies to receive the tax credit, the businesses they invest in must reach predetermined job creation and retention goals.

Since 2010, more than 2,600 jobs have been created and retained in the state. Ninety-eight percent of all of the jobs created and retained by InvestCT offer healthcare and an average annual salary of $60,000.

Click here for more information about how to apply to participate in InvestCT.


You're receiving this newsletter because you either opted in via email or on my website, or you've been in touch with me or my office regarding an issue or issues of importance to you.

My mailing address is:
Senate Majority Leader Bob Duff, Legislative Office Building, Room 3300, Hartford, Connecticut 06106
Capitol: 860-240-0414; Toll-free: 1-800-842-1420; Home: 203-840-1333

Copyright (C) 2016 Connecticut Senate Democrats. All rights reserved.