At the Norwalk Business Development Center we are here to help. Whether it be with education, accessing capital, state registration, or permitting and licensing we are here to help. Don’t hesitate to call us at 475-291-2745 or drop in for a visit. We are open from 9am to 4pm at City Hall Room #104!
The Norwalk Innovations program aims to support new businesses and entrepreneurs in Norwalk both financially and through education. This program is in partnership with business education and support organizations. Participants must complete a business education program and submit an application detailing their business and planned use for the funds. This Initiative will provide entrepreneurs, start-ups, and existing businesses with grant funding opportunities to support initial establishments, expansion efforts, and growth within the City. All Norwalk entrepreneurs, start-ups, and existing businesses that employ or plan to employ between 2 and 50 individuals are encouraged to apply. For complete program guidelines, click here.
Those businesses who are selected to continue through the process will be entered into a ‘Shark Tank’ competition to pitch to Norwalk-based ‘sharks’ and potentially be awarded start-up grant funds between $1,000 and $20,000 to support their business growth.
Submit your application here for the Norwalk Innovations program.
Eligibility
- Businesses that have multiple employees, a strong case for expansion or growth, impact to the Norwalk economy, and/or a storefront location will be prioritized.
- Applicants must complete an educational program through the Greater Norwalk Chamber of Commerce, SCORE, the Black Business Alliance, the Greater Norwalk Hispanic Chamber of Commerce, the Women’s Business Development Council, or any other approved partner,
- 30% of start-up funds through the program are reserved for WMBE participants.
- Applicants must have a Norwalk, CT business address registered with the State of Connecticut or plan to use the funds to register with the State of Connecticut. Residents who own a business or wish to start a business in a different city or town are not eligible
Key Dates
Phase 1 Application Closes – May 22
Phase 2 Pitch Competition – July/August
Winners Announced – Late Summer
If you have any additional questions or need assistance with your application, please don’t hesitate to reach out to Alex Cross, Business Development Manager, at across@norwalkct.gov or 475-291-2745.
The purpose of the Storefront Improvement Program is to encourage businesses and property owners within commercial corridors to improve the front exterior of their commercial properties, making these areas more attractive to shoppers and growing their vitality and economic performance. City of Norwalk property owners or tenants can access financial resources to renovate or restore commercial building exterior facades through the Storefront Improvement Program. The city will match up to 50% of project costs up to $20,000 (maximum match of $10,000). Visit here for program guidelines and more information.
For questions, or to apply, fill and print and email to across@norwalkct.gov.
Kiva is a global nonprofit organization that provides interest-free crowdfunded microloans to local entrepreneurs. Kiva’s network of microlenders creates the first step for small businesses to move up the capital ladder. The Norwalk Kiva Hub allows entrepreneurs who may have been previously denied access to a loan an alternative way to access capital. Through the City of Norwalk’s new Kiva Hub, local businesses can access between $1,000 to $15,000 at 0% interest.
“From the beginning up to now I have nothing but positive things to say about Kiva. The whole experience was amazing, from the first conversation I had with my loan counselor. The whole process was extremely quick and simple. I am amazed and extremely grateful for everyone’s contributions. One day I will be able to help make a fellow entrepreneur’s dream come true! Thank you Kiva!” – Juliane Etienne – BAOU Apparel
First in the nation to offer a statewide program of benefits to help targeted investment communities, Connecticut has greatly expanded the number of State-approved municipalities that may offer the various enterprise zone benefits—from the original 6 cities and towns in 1982, to over 45 participating municipalities in 2021.
There are 10 types of zone designations in Statutes that authorize the State and approved municipalities to offer various incentives, with goals to encourage new economic development, lower the cost of doing business in Connecticut, increase private investment, expand the local tax base, re-use underused properties, grow important industry clusters, and expand job opportunities for zone residents.
To begin the application process, fill out the Preliminary Questionnaire to Determine Eligibility.
An Opportunity Zone is a designated geography where investors can defer taxes on any prior capital gains invested in a Qualified Opportunity Fund. Qualified Opportunity Funds can invest in real estate or businesses within designated geographies. The City of Norwalk has three Opportunity Zones shown here. Both businesses and property owners within these geographies benefit by garnering additional investor pools designated for Opportunity Zones. For more information contact Alex Cross, the Business Development Manager at across@norwalkct.org.