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Gov. Rell: $100 Million Loan Program for Connecticut Businesses
Governor M. Jodi Rell today announced that Connecticut’s community and regional banks, working with her Administration, are making $100 million in direct loans available to businesses and manufacturers as a key element of Governor Rell’s five-point program to ensure the continued free flow of credit in the state’s economy.
The $100 million collective loan commitment program is supported by loan guarantees, cash reserves and participation loans from the Connecticut Development Authority (CDA). On October 9, Governor Rell met with Connecticut banks and asked them to commit up to $40 million to a loan pool. Since then, banks and state economic development officials have expanded the total commitment to $100 million.

To bring the latest news on financing programs directly to banks and businesses, the CDA will launch a new e-newsletter with topics such as economic development issues, financial and banking industry news, current CDA projects and funding deals. The e-newsletter will be available on CDA’s Web site at

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