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Contact Us
New Britain
Downtown District


Email Us

117 West Main Street
New Britain, CT 06051
Tel: 860-229-0878
Fax: 860-229-0839
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Incentives Available
 
 Incentives & Benefits
  • A five year, 80% abatement of New Britain property taxes on qualifying real and personal property, subject to the property being new to the grand list of the City of New Britain as a direct result of business expansion or renovation project. The property tax abatement is for a full five-year period and takes effect with the start of the first full assessment year following the issuance of a 'Certificate of Eligibility'.
  • Ten year, 25% credit on corporate income taxes for eligible businesses.
  • Free Business Plan Consultation Workshops for businesses interested in starting up or relocating to downtown New Britain.
  • Complimentary display space at the Downtown Visitors' Center for visual marketing pieces. Business card display center, magazine rack, and brochure racks are available for your business materials.
  • Complimentary Visual Merchandising consultation. Our group of experts will visit your place of business and give you industry tips on effective merchandising, sales displays, window displays, pricing, and merchandise turnover.
  • Business start up marketing campaign. Our experts will sit down with you and discuss advertising oppotunities for your company. A press release session, ribbon cutting ceremony, and photo opportunity for local media are all available for new businesses.
 


 
 Loan Information
  • Fixed rate, City of New Britain low interest loan program. Typically between 0% and current prime rate, these loans can be used for equipment procurement, leasehold improvements, code improvements, and facade renovations. Loan amounts are up to $25,000 and are available for terms up to five years.
  • Community Economic Development Fund (CEDF). This public/private partnership was established to help small businesses in New Britain to increase their access capital and financing. Financing is available up to $500,000 per firm.
  • Microloan program. Connecticut Investment Corporation has loans available for up to $25,000 for eligible small businesses.
 
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