seCTer Adds Program to Help Small Businesses in the Region

seCTer is excited to be participating in the recently announced Connecticut Small Business Boost Fund (ctsmallbusinessboostfund.org). Governor Lamont Announces New $150 Million Loan Program for Connecticut Small Businesses and Nonprofits.

Small businesses can search for a lender and be directed to a number of small business lending providers – one of those will be seCTer. seCTer has for years been providing capital to businesses who would have difficulty obtaining traditional financing. The CT Small Business Boost Fund continues that work.

“We’re thrilled to launch the Connecticut Small Business Boost Fund, a new collaboration with private sector partners and investors that will provide companies and nonprofits the working capital they need to grow and thrive,” Governor Lamont said. “This fund was established to support small business owners who may have previously experienced barriers to accessing financial support and works with and through community lenders that are dedicated to equitable lending practices.”

“We’re excited to add yet another tool to our toolbox to help businesses in the region start and grow,” Executive Director Paul Whitescarver. “Working with the State in a public / private partnership benefiting the people of CT and our region is why we’re here. This program compliments the work of CT Small Business Development Center which provides free, confidential, business advising, as well as PTAC which connects small businesses to government contracts, ” continued Whitescarver. For additional information please email secter@secter.org.

This was a fascinating panel discussion which was part of Economic Development Week. Paul Whitescarver, seCTer’s Executive Director participated to discuss the role of offshore wind in CT’s energy future.

Description: 

A practical talk about renewable energy technologies, with real world examples. Our panel will discuss their projects, and examine the economic benefits and challenges to developing renewable energy projects for a town or region.                                   

Panelists:

●       Paul Whitescarver, Executive Director, SeCTer

●       Paul Corey, BNE Energy

●       Rick Mullins, Infinity Fuel Cell and Hydrogen, Inc.

Moderator:  

Joel Rinebold, Connecticut Center for Advanced Technology (CCAT)

Download or View the Narrative Document Below.

ThayerMahan collects data on and under the world’s oceans to deliver knowledge, advantage, and value for our customers.

Our customers use ThayerMahan’s systems to expand their coverage, improve their awareness, and reduce their costs as compared to traditional monitoring assets. By merging unparalleled experience with rapid innovation, we are disrupting the conventional models of maritime domain awareness to deliver great value.

seCTer is actively developing an offshore wind industry cluster (OWIC). In December, seCTer was awarded Phase I funding to develop an application for the U.S. Economic Development Administration’s Build Back Better Regional Challenge (BBBRC) Phase II award which is due on March 15th. For the past two months seCTer and six regional coalitions have been developing their projects. Regardless of a Phase II award, which won’t be announced until September, 2022, seCTer is committed to bringing the OWIC to fruition.

Download RFP

Since the EDA’s Build Back Better Regional Challenge award announcements on on December 13th, more regional activity and coverage has been generated.

Two pieces in The Day:

More information about the State Pier in New London can be found here.