• Community Investment Fund 2030 - Round 4

    Grant Application

    Deadline is 12:00PM NOON on Friday, December 15, 2023. Please visit our website, or contact CIF officials at communityinvestmentfund@ct.gov for further information on program requirements. All attachments will be uploaded into a unique SharePoint folder. Please email communityinvestmentfund@ct.gov by November 30, 2023, to request a folder.

    Complete the form below and upload attachments to your unique SharePoint folder. Narrative responses should thoroughly answer each question.

    DECD will use the information you provide to vet your application for eligibility, assess whether the application is eligible for statutorily-mandated priority, and provide an Executive Summary for the CIF Board to review. We encourage you to review the Notice of Funding Availability thoroughly before completing the application.

    This application may be reviewed by the CT Office of Policy and Management and other state or quasi-state agencies. Certain projects funded under this program are subject to the Connecticut Environmental Policy Act ("CEPA"), other environmental regulations, and DECD regulations related to procurement and bidding procedures.

  • SECTION I: APPLICANT INFORMATION

    For Small Business Support Program proposals, complete the form below.

  • 4. Contact Information

  • SECTION II: ELIGIBILITY

  • 0/500
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  • 13. How does your project help underserved and marginalized communities?
    Explain how this project furthers consistent and systematic fair, just and impartial treatment of all individuals, including individuals who belong to underserved and marginalized communities that have been denied such treatment, such as Black, Latino and indigenous and Native American persons; Asian Americans and Pacific Islanders and other persons of color; members of religious minorities; lesbian, gay, bisexual, transgender and queer persons and other persons comprising the LGBTQ+ community; persons who live in rural areas; and persons otherwise adversely affected by persistent poverty or inequality.  Describe how your project:

    a. promotes new economic outcomes
    b. benefits workforce or job access
    c. provides other benefits or assets that promote equitable economic growth and capacity building.

  • 0/500
  • 0/500
  • 0/500
  • 0/500
  • 0/500
  • 0/500
  • 0/1000

  • 20. Priority of certain projects. (Applies to municipalities only. NPO and CDC please select N/A.)

  • SMALL BUSINESS SUPPORT PROGRAMS

     

  • A. Eligible business receiving loans or other financing may NOT include those which are engaged primarily in: activities prohibited by federal, state or local law: speculative activities that develop profits from fluctuations in price rather than through normal course of trade; gambling operations; lobbying activities; passive real estate investments; gambling operations; lobbying activities; pay-day loan stores. 

    B. Eligible businesses receiving loans or other financing may not be currently delinquent or have defaulted on loans issued through the Connecticut Small Business Express Program, Connecticut Small Business Boost Program, or be delinquent on any federal, state or local taxes. 

  • 1. Describe the proposed small business support program in detail:

  • a. Description of proposed program and terms for loan, other financing, or start-up funding. Be sure to include, at a minimum:

    i. applicable interest rate, maturity dates, amortization, required security, and any other loan/financing/funding terms;

    ii. administrative fees which you plan to charge (e.g., origination fees and yearly servicing fees, if applicable);

    iii. maximum and minimum loan amounts;

    iv. eligible uses of loan/financing/funding proceeds; and

    v. eligible businesses.

  • 0/500
  • 0/500
  • 0/500
  • 0/500
  • 0/500
  • 0/500

  • Project Budget Information:

  • Please ensure these amounts match your CIF Round 4 Sources and Uses Budget Form. Fields 2 through 9 are numeric only. Enter whole numbers with commas (ie 250,000 not 250000.00).

  • 10. Is your organization currently receiving any state funding for this or any other small business support program?

    a. If yes, is your organization delinquent, or has it defaulted, on any repayments or interest, and/or on required reporting?

  • 0/500
  • 0/500

  • 12. Please assess and explain:

    a. The risk of default on payment of a proposed loan or financing.

    b. The impact on job creation or retention in your municipality.

    c. The impact on blighted properties in your municipality.

    d. The overall impact on community development in your municipality.

  • 0/500

  • It is hereby represented by the undersigned, that to the best of your knowledge and belief no information or data contained in the application and attachments are in any way false or incorrect and that no material information has been omitted.

    Your application and the contents of your application and our discussions with you are subject to public disclosure. DECD may communicate with the municipality, state agencies (including the CT Office of Policy and Management, DEEP, the CT Department of Transportation, the CT Department of Housing, the CT Department of Public Health), the EPA, and the general public. Projects funded under this program may be subject to the Connecticut Environmental Policy Act (“CEPA”), as well as other environmental regulations, and DECD regulations related to procurement and bidding procedures.

    State funding may require placement of a lien on project property. In addition, if the applicant is a private corporation, a personal guaranty may be also required from each owner of 10% or more. In addition, the undersigned agrees that any funds provided pursuant to this application will be utilized exclusively for the purposes represented in this application, as may be amended and agreed to by the DECD.

    DECD reserves the right to modify or waive any requirement, condition or other term set forth in this Application, to request additional information at any time from one or more applicants, to select any number of applications submitted to this program, or to reject any or all such applications, in each case at DECD’s sole discretion. DECD may exercise the foregoing rights at any time without notice and without liability to any applicant or any other party. Applications to this program shall be prepared at the sole expense of the applicant and shall not obligate DECD to procure any of the services described therein or herein from any applicant. DECD shall not be obligated to any applicant until a final written agreement has been executed by all necessary parties thereto and all applicable approvals have been obtained. As such, any funds expended by the applicant prior to these approvals will be done so entirely at the risk of the applicant.

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