HEDCO is excited to partner with the City of Hartford to provide grants of up to $25,000 to Hartford small businesses who have been impacted by the COVID-19 pandemic.

Eligibility:

  • Applicant must be an established business, defined as one with less than 500 employees, located within the City of Hartford.
  • Business must be open and have been operating for at least two years at the time of application.
  • Applicant must demonstrate it belongs to one of the following categories:
    1.  Businesses that have been “impacted” are those that can identify a negative economic impact that was caused or exacerbated by the pandemic, including:
      – Decreased revenue or gross receipts
      • – Challenges covering payroll, rent, mortgage, or other operating costs.
      • – Difficultly weathering financial hardship
      • – Increased costs
      • – Financial insecurity

      2. Businesses that have been “disproportionately impacted” are those located within a Qualifying Census Tract as defined by the U.S. Office of Policy Development & Research. See City of Hartford Qualifying Census Tract Map.

      3. The business is in an “impacted industry”:

      – If the industry is in the travel, tourism or hospitality sectors, the industry is presumed impacted.
      – If the industry is outside of travel, tourism or hospitality sectors, justification is required.
      – Regardless of industry, business must have been in operation prior to the pandemic and was affected by
                  required closures.

Grant funds can be used for:
  • Impacted small businesses and impacted industry:
    – To mitigate financial hardship (i.e. support payroll and benefits, costs to retain employees, and mortgage, rent, utility and other operating costs.
    – Technical assistance, counseling, or other services to support business planning.
  • Disproportionately impacted small businesses:
    – Rehabilitation of commercial properties, storefront improvements and facade improvements.
    – Technical assistance, business incubators and grants for start-up or expansion costs for small businesses.
    – Support for microbusinesses, including financial, childcare and transportation costs.
Terms and Conditions:
  • Grants up to $25,000
  • No application fee.
  • Closing fee of $250.00, which can be included in the cash flow projections.
Application and Approval Process:

Submit the following documents:

1. Fill out HEDCO’s Intake & Privacy Form – Intake & Privacy Form
If you’ve already filled out an Intake & Privacy form for HEDCO, retrieve your Intake ID and proceed to Step 2.

2. Complete the application – Apply Now

3. Submit necessary documents

4. If you need to upload additional documents after you’ve submitted your application, click here and make sure to have your Application ID associated with this program.

For additional information about the program and assistance with the completion of your application call us at (860) 527-1301 or email applications@hedcoinc.com