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JobsCT Grant Program
Companies may receive a grant equal to 25 percent of withholding tax from net new employees. Salaries must be 85 percent of the median household income of the municipality where jobs will be located, and the company must create at least 25 new jobs. Grant-in-arrears payout is earned in years three through seven. Years eight and nine are discretionary.

Urban and Industrial Sites Reinvestment Tax Credit Program
Under the program, the state may provide up to $100 million in tax credits over a ten-year period to support projects that create significant jobs and capital investment in urban centers and other economically distressed areas in Connecticut. The total expenditure cap for the program is $500 million. The amount of credits offered to a company is contingent on an extensive due diligence process, which includes a comprehensive financial review and an economic impact analysis model. The commissioner must submit any requests for tax credits over $20 million to the legislature for their review.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.

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