Doing Business - Incentives
financing
tax abatements
tax credits
workforce assistance
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Incentives

Tax Credits:

  • Corporation Business Tax Credit on 25 percent to 50 percent of the share of corporate business tax allocable to facility costs associated with relocation, expansion or renovation in an Enterprise Zone.
  • R&D Corporate Tax Credit of 1 percent to 6 percent is available for expenditures on research and development conducted in the State of Connecticut.  The credit may be taken in the form of a cash refund of 65 percent of the value of the credit.
  • Job Creation Tax Credit of up to 60 percent of the state income tax withheld from the employee’s wages for companies who hire at least 10 new employees. The credit may be available for five consecutive years.