May 2, 2012
| last updated June 1, 2012 2:16 pm
CT's EXP program funds five more firms
Five more Connecticut small businesses are getting state funding to expand their operations through hiring.
The five in Berlin, Mansfield, Meriden, Stamford and Westport have qualified for assistance through the state's Small Business Express Program (EXP), Gov. Dannel P. Malloy's office said Wednesday.
- The Music People! Inc. of Berlin will retain 48 jobs and anticipates hiring for eight positions. The company is receiving a job creation matching grant, equaling its investment of $90,275, for information technology, training, and marketing.
- Stamford Insurance Group Inc. (SIG) is investing $100,000 and was awarded a $100,000 matching grant in support of its plans to expand. Funds will be used for computer and phone systems, staff training, and marketing. SIG will retain 20 jobs.
- State Wide Insurance LLC of Meriden is investing $87,335 to purchase computer equipment and software, and provide training for two retained staff and a new hire. The company is receiving a job incentive loan of $65,000.
- Dog Lane Café of Mansfield is investing $496,550 and will receive a job creation matching grant of $100,000 for fit out of its space and start-up operations. The business will be part of the new Storrs Center Project, a mixed-use town center and main street corridor near the University of Connecticut campus. The company will retain eight jobs and create 10 more.
- Catherine Cleare Interiors LLC of Westport is receiving a job incentive loan of $63,000 that, combined with $57,500 of company funds, will be used for marketing and staff training. The interior design company will retain one position and add a new one.