How Connecticut Businesses Can Recover Up to $25,000 Through DECD Flood Recovery Grants
Recent floods in Connecticut have left many businesses struggling with significant challenges, from physical damages to financial setbacks.
To support these businesses, Gov. Ned Lamont, with the CT Department of Economic and Community Development (DECD) Commissioner Dan O'Keefe, have allocated $5M in state funding to launch a micro-grant program to assist in Fairfield, New Haven and Litchfield Counties in Connecticut rebuild and recover from the record rainfall and flooding impacting the state on August 18th, 2024.the Connecticut Department of Economic and Community Development (DECD) and Women's Business Development Council (WBDC) will be managing requests, offering up to $25,000 in recovery funds per applicant.
This comprehensive guide will help you understand the program, eligibility requirements, and how to successfully apply for this critical funding.
What is the DECD Flood Recovery Grant?
The DECD flood recovery grant is a statewide program designed to provide financial assistance to Connecticut businesses affected by the recent flooding. Whether your business needs to repair structural damage, replace essential equipment, or cover other recovery-related expenses, this grant can help you get back on track.
This program's development was spearheaded by the Greater Valley Chamber of Commerce's President Bill Purcell and announced on August 26th. [Link to Valley Independent Sentiel news announcement]
Who is Eligible?
To qualify for the DECD flood recovery grant, your business must meet the following criteria:
Location: The program is available to businesses throughout Connecticut, including towns like Shelton, Oxford, Ansonia, Derby, Southbury, Monroe, Naugatuck, Newtown, Beacon Falls, Seymour, and more.
Business Type: Eligible businesses must be brick-and-mortar establishments with up to 100 employees.
Impact: Your business must have documented damages or losses directly related to the recent floods.
Compliance: Your business must be in good standing with the State of Connecticut.
Key Dates:
The Flood recovery grant application period opens on September 3rd, 2024. It's essential to prepare your application in advance to ensure timely submission.
How to Apply for the DECD Flood Recovery Grant
Document Your Damages: Start by thoroughly documenting all flood-related damages and losses. This information will be crucial in your grant application. You may need to complete a FEMA form to officially report your damages. [Link to FEMA form]
Prepare Your Documentation: Gather all necessary documents, including proof of damage, financial statements, and any other relevant information to support your application.
Submit Your Application: When the WBDC application portal opens on September 3rd, be ready to submit your completed application. Ensure that all fields are filled out accurately and that your documentation is thorough. [https://ctwbdc.org/flood-recovery/]
Act Quickly: Since there is a limited pool of funding, it’s important to submit your application as soon as the program opens.
How Tangible Analytics Consulting Can Assist You
Applying for a grant can be a complex and time-sensitive process. Tangible Analytics Consulting offers expert guidance to help you navigate the application process efficiently. Our founder, Bryan Tamburrino specializes in creating compelling grant applications that meet all the specific requirements, increasing your chances of securing the funding. As an organization we have secured more than $35 million in grant funding for our clients.
With a flat fee of 11% of the grant amount requested, I offer transparent, reliable service with no hidden costs.
Additionally, Tangible's proprietary grant management platform, Grantible.io, (developed in the Zoho Creator environment) simplifies the entire grant management process, from application to compliance and reporting.
Know a Business Impacted by the Floods?
If you know another business owner who has been impacted by the recent floods, please share this information with them. The more businesses that secure funding, the stronger our community will be. [Contact Bryan]
Why This Matters
Securing up to $25,000 in grant funding can make a significant difference in your business' recovery efforts. Whether you need funds for repairs, equipment replacement, or other critical expenses, this DECD grant program is an opportunity not to be missed.
Final Thoughts
The Flood Recovery grant is a lifeline for Connecticut businesses impacted by the recent flooding. With applications opening on September 3rd, now is the time to prepare and submit a strong application. If you need help navigating the process, Tangible Analytics Consulting is here to assist you every step of the way.
For more information and personalized support, contact me today to maximize your chances of securing this essential funding contact Bryan via email at bryan@tangibleconsult.com.
Comments