Everyone rails against â€śbig governmentâ€ť and weâ€™ve done our share of it. But sometimes, that same government plants a seed and something important grows.
Take, for instance, Connecticutâ€™s Small Business Express, showcased in Tuesdayâ€™s newspaper. This program, created by the state Department of Economic and Community Development, recognizes that, sometimes, a small business may need a hand - or a loan - to help it grow. It provides loans and grants to Connecticutâ€™s small businesses to spur job creation and growth and offers matching grants of up to $100,000 or low-interest loans/forgivable loans in amounts up to $300,000 based on job creation, according to Jim Watson, spokesman for the DECD.
Herald reporter Charles Paullin was able to give us a glimpse of how it worked for one small business, Meadow Manufacturing, Inc. in Berlin, an aerospace manufacturer.
The results not only impressed us but also Lt. Gov. Nancy Wyman, who was visiting the business.
â€śIt is exactly what we are seeing happening,â€ť she said, â€śsmall businesses increasing.â€ť She noted that the manufacturer has expanded employees and purchased new machines over the course of four years. â€śIt might be behind the scenes, but thatâ€™s what we need - suppliers to help keep our bigger companies here.â€ť
And, of course, we need companies that are creating good-paying jobs. In fact, priority for available funding is given to applicants who are creating new jobs within Connecticutâ€™s economic base industries, as defined in state statutes, which include but are not limited to precision manufacturing, business services, green and sustainable technology, bioscience, and information technology sectors.
Best of all, when we asked owner Mark Gregoretti about that famous government red tape, he responded, â€śIt was pretty painless.â€ť