Paycheck Protection Program Assistance to Connecticut …

Provide data on the 2020 Paycheck Protection Program (PPP) assistance provided to Connecticut businesses. Summary According to the federal Small Business Administration (SBA), which administers the PPP, Connecticut companies received 64,629 PPP loans totaling $6.72 billion, …

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Paycheck Protection Program Assistance To Connecticut …

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ct.gov

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Small Businesses In CT Receive Bridge Grants From State Until …

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Jan 12, 2021 · In total, $35-million in CT Business Recovery Grants have been awarded, $50-million in CT Cares small business grants, and in two rounds of Paycheck Protection Program …

wtnh.com

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$1.9 Billion Has Gone To 22,000 CT Businesses In ... - NBC …

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Feb 25, 2021 · Connecticut employers have received $1.9 billion from the Paycheck Protection Program so far this year, but will it be enough to keep their doors open. “Since the reopening …

nbcconnecticut.com

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CT Small Businesses Checking Out Federal Paycheck Protection …

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Apr 7, 2020 · Overall, people in Connecticut applaud the hastily put together Paycheck Protection Program (PPP) that’s part of the $2 trillion federal stimulus to help out during the coronavirus …

nbcconnecticut.com

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Connecticut State Department Of Labor Communications - CT.gov

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Sep 2, 2021 · Connecticut has about 125,000 weekly filers, all of whom will be impacted by the expiration of the $300 Federal Pandemic Unemployment Compensation (FPUC) supplement. …

ct.gov

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Small Businesses: Payment Protection Program | Connecticut …

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The SBA is currently accepting Paycheck Protection Program (PPP) loan applications from participating community financial institutions (CFIs) and lenders with under $1 billion in assets. …

ct.gov

FAQs about Paycheck Protection Program Assistance to Connecticut … Coupon?

What is the Paycheck Protection Program?

The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. ...

How much is the Paycheck Protection Program helping small businesses?

So far, $6.8-billion dollars in federal money through round one of the paycheck protection program is helping small businesses. The door just opened on round two, another $3-billion, and it can’t come soon enough. ...

What is the Paycheck Protection Program (PPP)?

Paycheck Protection Program (PPP): This relief is available for small businesses, 501 (c) (3) nonprofits, 501 (c) (19) veterans organizations, or Tribal businesses with not more than 500 employees who were in operation on February 15, 2020. ...

Is CT business recovery grant money taxable?

In total, $35-million in CT Business Recovery Grants have been awarded, $50-million in CT Cares small business grants, and in two rounds of Paycheck Protection Program (PPP) $9.8-Billion is available. The PPP is not taxable. It is unclear whether businesses will be on the hook for tax liability on the state grant money. ...

What is the payroll protection program?

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. ...

What is the Connecticut recovery grant?

That money is the aid she just received from the federal CARES Act in the form of a Connecticut Recovery Grant. Up to $30,000 dollars. No application required. The Department of Economic and Community Development officials say it’s based on tax filings and losses. Two thousand of the state’s hardest-hit businesses got money. ...