Office of Economic and Community Development

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

Going Up in Derby!

Continuing Care Retirement Community to Be Built on East Derby land

Future home of Lowes

New Construction Lowes

Gamestop New Construction

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.