Connecticut § 8-240q Eligible activities for grants under pilot microloan program for microenterprises.

Connecticut Statutes

§ 8-240q — Eligible activities for grants under pilot microloan program for microenterprises.

Connecticut § 8-240q

Title 8Zoning, Planning, Housing and Economic and Community Development

Ch. 133aCommunity Economic Development Program

This text of Connecticut § 8-240q (Eligible activities for grants under pilot microloan program for microenterprises.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 8-240q (2026).

Text

The grants provided under section 8-240p shall be used to:

(1)Identify appropriate microloan applicants state-wide;

(2)Evaluate the need for a prospective microloan applicant's business in the community in which the microenterprise is or would be located;

(3)Evaluate community support for a prospective microloan applicant's business in the community in which the microenterprise is or would be located;

(4)Work in conjunction with other community-based nonprofit organizations, state and federal agencies and with the Community Economic Development Fund or any other regional revolving loan programs within the state to assist prospective microloan applicants in preparing and finalizing business plans;

(5)Assist prospective microloan applicants in identifying and accessing other appropriate

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The grants provided under section 8-240p shall be used to: (1) Identify appropriate microloan applicants state-wide; (2) Evaluate the need for a prospective microloan applicant's business in the community in which the microenterprise is or would be located; (3) Evaluate community support for a prospective microloan applicant's business in the community in which the microenterprise is or would be located; (4) Work in conjunction with other community-based nonprofit organizations, state and federal agencies and with the Community Economic Development Fund or any other regional revolving loan programs within the state to assist prospective microloan applicants in preparing and finalizing business plans; (5) Assist prospective microloan applicants in identifying and accessing other appropriate business resources, including those providing business management training; (6) Track client data, level of service and outcome of services provided; and (7) Promote microenterprises and coordinate the delivery of services by microenterprise support organizations to microenterprises.

Legislative History

(P.A. 06-166, S. 3; P.A. 10-190, S. 5.) History: P.A. 06-166 effective July 1, 2006; P.A. 10-190 amended Subdiv. (4) to include other regional revolving loan programs within the state, effective June 9, 2010.