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Connecticut Governor Hands Out New Grants To Small Businesses

Governor M. Jodi Rell and the Connecticut Small Business Innovation and Diversification program has recently announced that the state would fund small businesses through a special $500,000 grant program.

Local businesses can receive up to $25,000 each through the program, whose recipients are chosen by the Small Business Innovation Research (SBIR) Office.

Companies that have already received funding include: Tomtec, who received a $25,000 grant to purchase components necessary for the production of a dried blood spot slide; Fairfield Crystal Technologies, who received $25,000 for the pilot production of high-brightness LEDs; KTI, a manufacturer who received $25,000 to help it qualify for a contract with the Department of Defense for phase one of its joint strike fighter program; and many more.

In a statement, the governor said that helping small businesses access funding was one of her "most important initiatives and that it would benefit the state's economy as a whole." She says that it will help spur job growth and economic development in the state.

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