Incentive Categories
Loan Programs

City of Bristol “Forgivable” 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

Manufacturing Technical Assistance Grant Program

The City offers funding to cover up to 50% of out-of-pocket costs associated with engaging in business consultative services with firms such as CONNSTEP and others. CONNSTEP and similar organizations provide a variety of consulting services to help improve manufacturing operations by working with them to: obtain ISO certifications, meet federal cybersecurity mandates, customize facility layouts to increase efficiency, enhance business development efforts and much more.

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” as defined by the study known as A Plan for the West End Neighborhood adopted June 29, 2011, and the area known as “Forestville Center.”

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)

The Enterprise Zone is a five- or seven-year tax abatement program for companies constructing, purchasing, and/or expanding a building within the City/State-designated Enterprise Zone.

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.