In addition to 2 TIF districts providing redevelopment funding, Windsor Locks has now created a low-interest loan program to spur small business expansion and economic development in town.

According to the Hartford Business Journal: “Businesses earning less than $500,000 a year in the Downtown TIF District must prove their project provides some level of public benefit to be eligible to apply for loans capped at $20,000. Qualifying businesses must also have under five employees and no access to commercial bank financing.”

Read all the details and how Windsor Locks is succeeding in new economic development around Main Street.

Windsor Locks greenlights small-biz loan program — Hartford Business Journal