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Capitol Update: 2021 Session Begins, Relief for Small Businesses on the Way

Posted on January 9, 2021 by admin


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2021 Legislative Session Begins

Dear friends and neighbors,

Wednesday, January 6, we convened for the first day of the 2021 legislative session in Hartford. Thank you for your faith and trust to continue as your state representative and voice in our Capitol.

In addition to serving on the Human Services, Higher Education, and Finance Committees, I’m honored to be serving as House Republican Policy Chairman.

It will be an unusual session given the social distancing requirements. I’m confident that we can, and will, confront the challenges before us in a bipartisan manner. Echoing the remarks made by our new House Republican Leader Vincent Candelora, as well as our new House Speaker, Matt Ritter and Majority Leader Jason Rojas — it is important to engage in policy debates and civil discourse with our constituents in mind, and with the goal of finding common ground. That is how democracy works, and that is how we intend to serve you, the people who empower us to govern on your behalf.

As we prepare for a new administration in Washington, I believe it is important to support a peaceful transfer of power. As members of the Connecticut House and Senate, we are prepared to do our part to lead the way and show the country how two parties — sometimes with opposing points of view — can work together to make our state a better place to live, work, raise a family and run a business.

Let’s make Connecticut an example of government of the people, by the people, for the people, at it’s best.

Warm regards,

Terrie

 

UPDATE: Recovery Grants for Restaurants, Small Businesses

Small business grants are now available through Connecticut’s Department of Economic and Community Development (DECD). The program is funded by $35 million in federal aid to be disbursed to about 2,000 Connecticut small businesses that were among the most affected by the pandemic. This includes restaurants, hotels and lodging facilities, theaters, and other entertainment or recreation establishments.

Grants sizes will range from $10,000 to $30,000. There is no application process as grants will be determined based on need. The Department of Revenue Services (DRS) has already begun mailing checks, and they should arrive soon.

Payout

Payout will be based on the following point system as listed on DECD’s web portal:

  1. Businesses are given 1 point if 2019 gross receipts (Jan – Sep) are between $1M and $2M, and 2 points if above $2M
  2. Businesses are given 1 point if decrease in gross receipts in 2020 v 2019 is between 40-55%, and 2 points if decrease is greater than 55%
  3. Businesses cannot receive more than 10% of 2020 gross receipts or 20% of 2020 wages (whichever is higher).

Here are the payout amounts based on the point criteria above:

  • Businesses with 0 points will get $10,000
  • Businesses with 1 point will get $15,000
  • Businesses with 2 points will get $20,000
  • Businesses with 3 points will get $25,000
  • Businesses with 4 points will get $30,000

For a more detailed explanation of eligibility criteria and exclusions, please click here.

 

If you have any questions about these updates or any state government matter, please do not hesitate to contact me.

Email: Terrie.Wood@cga.ct.gov