Financing

Grants

 

City of New Haven Facade Program

The City of New Haven has undertaken a comprehensive development program in order to take an active role in the elimination of blight in its neighborhoods. The Façade Improvement Grant Program is geared to achieving this goal.

This Program offers a reimbursement grant equal to 50% of the cost of approved facade improvements to commercial and mixed use properties, with a maximum grant of $30,000.00. In addition, an additional reimbursement grant of up to $1,500.00 may be available to support facade-related architectural/design costs.

For more information contact Clayton Williams, Jr. the Program Coordinator at the City of New Haven. Mr. Williams can be reached at 203.946.7093 or cwilliam@newhavenct.net

Ten Steps for Successful Façade Participation

 

Financing Tools

 

Community Economic Development Fund (CEDF)

cedfCEDF works with small business owners looking for alternative financing, and has loans products that can be tailored to help you succeed. CEDF is revitalizing Connecticut communities and growing jobs by providing Connecticut small businesses with greater access to capital, flexible financing and quality small business training. More info on loans.

 

Community Investment Corporation (CIC)

CICCIC is a non-profit economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in Connecticut and Rhode Island who have powerful ideas and need more power to grow them.   More info on loans.

 

Elmseed Enterprise Fund

ElmseedElmseed’s mission is to facilitate the creation of successful small businesses in New Haven. By providing access to small, low-interest loans and technical assistance, Elmseed seeks to open the capital markets to motivated entrepreneurs who lack the capital or resources to start or expand small businesses.

Elmseed was founded in April 2001 with a $20,000 prize from the Yale Entrepreneurial Society (YES) contest in social entrepreneurship. Since winning this initial grant, Elmseed has received funding from federal grants, Citizen’s Bank, the National Philanthropic Trust, several small foundations, and individual donations.

Elmseed disbursed its first loan in November 2001. To date, Elmseed has disbursed more than thirty loans totaling over $70,000 to entrepreneurs looking to start or expand small businesses in the New Haven area. Current and past Elmseed businesses include daycare services, construction and contracting, salon services, food cart services, retail stores, and event planning. More Info.