, LLC, of Meriden has qualified for assistance through the state’s Small Business Express Program (EXP), Governor Dannel Malloy announced yesterday. The program was created as a part of the bipartisan jobs bill passed during last year’s jobs special session to encourage business expansion and job growth.
State Wide is investing $87,335 to purchase computer equipment and software and to provide training for two current staff members and a new hire. The company is receiving a job incentive loan of $65,000.
Located at 1351 East Main Street, the company offers products and services including auto, life, medical, homeowners', motorcycle, boat, renters' and umbrella insurance to individuals, families and businesses. State Wide Insurance has more than 10 years’ experience in the industry and provides services throughout Connecticut. For more information about the company, visit www.savewithsammy.com.
The governor’s announcement included four other Connecticut small businesses that will qualify for assistance. They are: The Music People of Berlin, Stamford Insurance Group, Dog Lane Café of Mansfield and Catherine Cleare Interiors of Westport.
“The jobs created by retail and service companies are often the product of hardworking and determined self-employed entrepreneurs,” Malloy said. “The Small Business Express Program is proving very responsive to this important sector of our economy, one that has tremendous potential for job growth and retention.”
In total, EXP will provide $100 million to help the state’s small businesses hire more employees and fund capital investments. The program, administered by the Department of Economic and Community Development (DECD), offers loans and matching grants to Connecticut companies with fewer than 50 employees at the time of application.