Incentive Categories
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Loan Programs
City of Bristol Revolving Loan Fund
The City of Bristol Forgivable Revolving Loan Fund, in partnership with Community Investment Corporation, encourages small business growth to help create/retain jobs, to stimulate commercial property improvements, to encourage businesses located outside Bristol to open in the City, and to help existing Bristol businesses grow.
Business Development Grants
Small Business “Micro” Grant For Businesses and Startups
The City assists small businesses with projects designed to improve the look/function of an existing space and other smaller projects allowing small business to operate and grow.
Business Development Grants
Downtown/West End/Forestville Center Façade Improvement Program
The Bristol Façade Improvement Program is designed to strengthen the economic viability of commercial property located Downtown (as defined by Census Tract 4061), in the West End, and the area known as “Forestville Center.”
Energy Grant
Energy Efficiency Fund Grant for Businesses and Residents
The City of Bristol Energy Commission assists existing and new businesses along with residents with projects designed to offset their operational energy costs with clean energy solutions.
Tax Abatement Programs
Enterprise Zone
The Connecticut General Statues, CGS 32-70, designates the establishment of the State’s Enterprise Zones. The purpose of the Enterprise Zone is to attract redevelopment, renewed investment, and job opportunities.
Tax Abatement Programs
Urban Jobs Program
The Urban Jobs Program is for manufacturers and, in some cases, distributors. It is a five-year 80% tax abatement program with the same eligibility requirements and benefits as the Enterprise Zone, with the exception that the property in question does not need to be located within the City/State-designated Enterprise Zone.
Tax Abatement Programs
Bioscience Enterprise Corridor Zone
This zone is for eligible businesses engaged in bioscience, biotechnology, pharmaceutical or photonics research, development or production with not more than 300 employees at any time during the preceding 12 months.
Additional Incentives
Tax Increment Financing (TIF)
Tax increment financing (TIF) is an economic development tool applied to Census Tract 4061 used to incentivize private development, public infrastructure design/construction, and more.
Additional Incentives
Opportunity Zone
Census Tract 4061 — encompassing much of downtown Bristol — is a federally recognized “Opportunity Zone” offering Federal tax benefits for developers in the area. For more information about Connecticut’s Opportunity Zones, click the button below.