The Malloy administration Monday announced a "comprehensive business assistance program" to help companies hurt by Tropical Storm Irene.
Businesses suffering damage will be eligible for help such as "bridge financing and loans covering uninsured losses" through the state Department of Economic and Community Development, Gov. Dannel P. Malloy's office said.
"This storm had a tremendous impact on residents and businesses alike. As we move forward in our recovery efforts, I want to ensure that businesses that were affected get the financial and technical help they need in a timely fashion," Malloy said in a statement.
Key features of the program will include:
•Loans up to $200,000 for storm-related damage;
•Loan guarantees up to $200,000 for banks and other institutions to encourage local lending to businesses;
•Grants to businesses for disaster recovery efforts, such as temporary help and training;
•Technical assistance to link local companies to state and federal resources.
The governor's statement went to say that agricultural businesses are eligible for funds.
"A team of DECD workers has been assembled to work with companies at business resource centers around the state," the statement said. "They will assist in indentifying financial and technical resources, as well as serve as business advocates with utility assistance, insurance companies, and federal agencies. A list of the centers is on the DECD Web site."
Information is available at www.DECD.org or by calling 860-270-8215.