1 Elizabeth Street
Derby, CT 06418
(203) 736-1496 		Sheila O'Malley
Director
somalley@derbyct.gov		 Patty finn
Program Specialist
pfinn@derbyct.gov

IN DERBY SMALL BUSINESS IS OUR ECONOMY
WHEN YOU GROW, PROSPER AND SUCCEED – WE ALL WIN!

Assistance for Homeowners

Description of the program: The Federal Emergency Homeowners’ Loan Program (EHLP) provides assistance to eligible Connecticut homeowners who are 90 days or more delinquent with their first mortgage payment as a result of having suffered a loss of income due to unemployment, underemployment or suffered adverse economic conditions resulting from a medical emergency or serious injury.

Click here for more information
Click here for a list of approved counseling agencies
 

CT Department of Labor Business Incentives

 U.S. Small Business Administration Incentives

State assistance for Small Businesses

 Former Stahl's site attracts new business
Dollar Tree opens - click here for story
Click here for story about Lowe's Grand Opening
Click here for more on the grand opening of Derby's newest restaurant
Click here for story on GameStop's opening in Derby!

Technical assistance for businesses experiencing significant difficulties. Independent and confidential reviews of companies' markets, finances and management. Also provides assistance in development of strategic plans to improve business.
 

Latest Community Updates

State Programs that benefit homeowners

Energy Conservation Loan Fund

The Energy Conservation Loan Program (ECL) and the Multifamily Energy Conservation Loan Program (MEL) provide financing at below market rates to single family and multi-family residential property owners for the purchase and installation of cost-saving energy conservation improvements. The program is administered by the Connecticut Housing Investment Fund, Inc. (CHIF) with funding from the Connecticut Department of Economic and Community Development (DECD). helps single family homeowners borrow up to $25,000 while owners of multi-family dwellings may borrow up to $2,000 per unit to a maximum of $60,000 per building. The length of the loan is 10 years.  

http://www.chif.org/owner_borrowers/index.shtml#energy

Connecticut Solar Lease Program

This is a program designed to make solar energy systems available to moderate income Connecticut homeowners.

http://ctsolarlease.com/info/ctsolar.php

Here’s how we can help you:

Derby is an Enterprise Corridor Zone. This means you may be eligible for:

a) 5 year 80% abatement of local property taxes on all real and personal property taxes that is new to the grand list as a result of business expansion or renovation.
b) Ten year 25% or 50% credit on your CT Corporate Business Tax that is directly related to business relocation, expansion or renovation project.

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Revolving Loan Fund:
All new business expenses – 3% for ten years and interest only the first year. There is a waiting list for this program, and it is on a first come first serve basis.
Please call Patty Finn at 203-736-1478 for further information?
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Economic Tax Incentives including:

a) Urban and Industrial Tax Credit Program
b) Corporate Sales Tax Exemptions
c) Corporate Business Tax Exemptions
d) Real and Personal Property Tax Exemptions

Watch for information on the following:

a) Small business loans
b) All available lease and or purchase/sale properties in the City of Derby
c) Economic and Community Development Grant Opportunities
d) Multiple links to our economic and community development partners/agencies and non-profits

(***All programs are subject to specific eligibility requirements)

Please call the Office of Economic and Community Development at anytime for assistance and or questions 203.736.1478 and 203.736.1496.

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