LOANS AND TAX CREDITS FOR SMALL BUSINESSES

You asked us to describe the types of loans and tax credits available to businesses with fewer than 100 employees.

Businesses with fewer than 100 employees qualify for most of the state's business loan and tax credit programs. Although most of these programs do not base eligibility on employee numbers or other business size measures, other eligibility requirements may determine if a business with fewer than 100 employees can receive a loan or claim a tax credit.

The state funds or administers at least 16 programs providing loans and loan guarantees for a wide range of business purposes under different terms and conditions. Only one bases eligibility on the number of people a business employs, and it targets businesses with 50 or fewer employees.

Similarly, businesses with fewer than 100 employees qualify for all but three of the state's 33 tax credit programs. The credits are available for doing specific things, such as constructing a facility in an enterprise zone. They also impose different terms and conditions, such as spending a specified amount of money restoring an historic home.

Although most of loan and tax credit programs do not use business size as an eligibility criterion, other factors may determine the size and type of business that actually obtains a loan or credit. For example, some loan programs base assistance on the state's cost per job created, a standard that may be hard for very small businesses seeking relatively small loans to meet. Some tax credit programs require a business to spend a specified sum to claim a credit, a threshold that may be too high for some small businesses to meet.

Businesses with fewer than 100 employees qualify for financing under most of the state's business lending programs. Only the Micro Loan Guarantee Program uses business size as an eligibility criterion, and it limits the loan guarantees to businesses with 50 or fewer employees (CGS § 32-353). Although business size is not a standard criterion in most programs, other factors may determine whether a business with fewer than 100 employees qualifies for a loan.

For example, a small business' ability to obtain a loan may depend on the program's loan ceiling (as well as terms, fees, and eligible uses). Programs with relatively low limits or ceilings seem to be geared toward small businesses. Attachment 1 arranges the programs based on the height of their loan ceilings, from low to high. As it shows, the state-chartered Community Economic Development Fund (CEDF) has the lowest ceilings, which range from $35,000 to $500,000. Some of these loans can be used to buy machines and build inventories while others can also be used to renovate buildings.

The quasi-public Connecticut Development Authority (CDA) appears to serve a wider range of businesses. Its Urbank Program guarantees loans for up to $500,000 banks would not otherwise make without the guarantee. But the borrowers must still show they can repay the loan and pay fees to CDA and the bank. They can use the loan proceeds for fixed assets and working capital. The ceilings for CDA's other programs are higher, ranging from $250,000-$5 million. Some require borrowers to create one new job for each $20,000 of CDA funds, others are open only to businesses that sell most of their products or services to customers outside the state (i.e., economic base businesses).

The Department of Economic and Community Development's Manufacturing Assistance Act Program provides flexible financing for a wide range of purposes. The law imposes no loan ceiling, but limits assistance to economic base businesses, a provision that excludes many small businesses that cater to local customers, such as dry cleaners and pizza shops.

As Attachment 2 shows, businesses with fewer than 100 employees qualify for all but three of the state's 33 business tax credits. The credits are available for different purposes and under different terms and conditions. The credits serve broad public purposes, as shown in Attachment 3. The purposes range from researching and developing new products to training employees and creating jobs. Some credits serve multiple purposes, such as developing property and creating jobs in the state's 17 enterprise zones.

The eligibility criteria for most credits are based on a statutory purpose, not annual gross revenue or number of employees, as Attachment 2 shows. Consequently, a business must research and develop new products, build a new headquarters, hire more people, or do something else to claim a credit. In some cases, the activity must meet a threshold or target, such as constructing a minimum 900,000 square foot facility (Financial Institutions Credit), creating at least 375 new jobs (Corporations Created in Enterprise Zone Tax Credit), or increase research and development (R&D) spending levels (Incremental R&D Tax Credit).

A business' ability to claim a credit also depends on its corporate form. Businesses pay different types of taxes depending on their form. The credits apply to one or more of these taxes. Businesses organized as corporations, for example, pay corporation business taxes, while insurers, air carriers, railroads, and utilities pay other types of taxes.

Program rules also determine if an otherwise eligible business can claim a credit. These include application requirements and credit transfer rules. Some application requirements include submitting studies showing that the business will generate enough income, sales, and property revenue to recoup the forgone corporate tax revenue (e.g., Urban and Industrial Sites Reinvestment Credit). The ability to transfer an unused credit allows a business with no tax liability to sell the credit to one that does (e.g., Film Production Tax Credit).

As Attachment 2 shows, the laws authorizing three credits impose business size criteria that exclude businesses with fewer than 100 employees:

1. the traffic reduction credit, which is available only to business with more than 100 employees;

2. the research and development tax credit, which is limited to enterprise zone-based businesses with over 2,500 people (and whose annual revenues exceed $3 billion); and

3. the credit for newly created enterprise zone businesses, which is limited to those hiring at least 375 employees and meeting other criteria.

The laws governing some credits impose no business size criteria, but set relatively high job creation goals that may be hard for small businesses to achieve. For example, small service firms acquiring or expanding a facility in a targeted investment community (i.e., the 17 towns with enterprise zones) qualify for a credit if they also create at least 300 new jobs.

*Program and Agency*	*Loan Limits*	*Loan Terms*	*Eligible Uses*
Micro Loan Guarantees for Women and Minority Business Owners, Community Economic Development Fund (CEDF)	$5,000-$50,000	Flexible	● Working Capital ● Machinery and Equipment ● Inventory ● Legal
SBA Micro Loans, CEDF	$35,000	Three to six years	● Working Capital ● Machinery and Equipment ● Inventory
Standard Loans, CEDF	$50,000-$250,000	Tied to business' cash flow	● Working Capital ● Machinery and Equipment ● Inventory ● Owner-Occupied Real Estate ● Legal
Inner City Business Loan Guarantees, CEDF	$50,000-$250,000	Tied to business' cash flow	Same as above
Grow Your Business Loans, CEDF	Up to $250,000	Tied to business' cash flow	● Fund expansion of existing business ● Working Capital ● Machinery and Equipment ● Inventory ● Owner-Occupied Real Estate ● Legal
Commercial Mortgage Loans, CEDF	Up to $500,000	Net operating income must be enough to cover debt	● Real Estate
Urbank, Connecticut Development Authority (CDA)	Up to $500,000	● Interest rate, terms, and maturity determined by lender ● Capable of repaying debt ● 1.5%-5% fees	● Working capital ● Machinery and equipment ● Purchase, construct, expand or upgrade facilities
Line-of-Credit to Term Loans, CDA	$250,000-$1 million	● Owner's personal guarantee ● $20,000 per job created or retained ● Capable of repaying debt	● Revenue producing equipment ● IT upgrades ● Building expansions
Early Stage Business Loans	Up to $ 5 million	● Based on business opportunity ● Owner's personal guarantee ● Equity interest ● Maturity tailored to transaction	● Working capital ● Machinery and equipment ● Purchase, construct, expand or upgrade facilities ● Mortgages on owner-occupied real property
Direct Loans, CDA	$250,000--$5 million	● Owner's personal guarantee ● $20,000 per job created or retain ● Capable of repaying debt ● Up to 20 years repayment ● Firm must sell most of its products and services out of state and create jobs	● Working Capital ● Machinery and Equipment ● Purchase, construct, expand, or upgrade facility ● Mortgages or owner-occupied real property ● Brownfields cleanup and redevelopment
Guaranteed Loans, CDA	$250,000-$5 million	● Owner's personal guarantee ● $20,000 per job created or retain ● Capable of repaying debt ● Up to 20 years repayment ● Firm must sell most of its products and services out of state and create jobs ● Interest rate, terms, and maturity determined by lender ● 1.5% commitment fee (up to $25,000) ● 2.0% annual guarantee fee	● Working Capital ● Machinery and Equipment ● Purchasing, constructing, expanding, or upgrading facility ● Mortgages or owner-occupied real property ● Brownfields cleanup and redevelopment ● Finance foreign trade or receivables
Participating Loans, CDA	$250,000-$5 million	● Owner's personal guarantee ● $20,000 per job created or retain ● Capable of repaying debt ● Up to 20 years repayment ● Firm must sell most of its products and services out of state and create jobs ● Interest rate, terms, and maturity determined by lender ● Participation funded at closing	● Working Capital ● Machinery and Equipment ● Purchasing, constructing, expanding, or upgrading facility ● Mortgages or owner-occupied real property ● Brownfields cleanup and redevelopment
SBA 504 Debentures, CDA	SBA guarantee up to $4 million	● Lender provides 50% of investment at fixed or variable rate ● Business provides 40% through sale of long-term debenture (unsecured bond) guaranteed by SBA and funded by private sources ● Business provides remaining 10%	● Machinery and Equipment ● Purchase, construct, expand, or upgrade facility ● Leasehold improvements ● Owner-occupied buildings
Technology-Intensive Businesses and Projects, CDA	Up to $5 million	● Up to 20-year terms ● Appropriate to business opportunity ● Owner's personal guarantee ● Equity interest when appropriate ● $20,000 per job created or retain	● Working capital ● Software, hardware, and infrastructure ● Machinery and equipment ● Purchase, construct, or expand facilities
Direct Inducement Loans (i.e., to encourage a business to expand or relocate in Connecticut), CDA	Up to $ 5 million	● Up to 20 years ● $20,000 per job created or retain	● Working capital ● Machinery and equipment ● Purchase, construct, or expand facilities ● Mortgages on owner-occupied property
Manufacturing Assistance Act, Department of Economic and Community Development	Fixed percent of costs depending on project's location or purpose Range: Up to 90% in 17 targeted investment communities to up to 50% of costs in other communities	● Commissioner sets terms and conditions ● State Bond Commission sets interest rate	● Feasibility studies, engineering, appraisals, and other planning activities ● Property and machinery and equipment purchases ● Facility construction and site improvements ● Relocation costs ● Working capital ● Job training, day care, energy conservation, pollution control, and other specified business support services


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Business Contributions to Low- and Moderate-Income Housing Program Contributions (8-395)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Minimum $250 cash contribution to Connecticut Housing Finance Authority-approved housing programs managed by nonprofit organizations	● Total credits capped at $10 million per year ● Credit is $75,000 per business ● Unused credits may be carried forward or backward for up to five years ● Total credit eligible contributions per program capped at $500,000 per year
Computer Donations to Public and Private Schools (10-228b)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Donation of new or less than two-year old computers Application to revenue services commissioner required	● Total credit capped at $1 million annually ● Credit equals 50% of the donated equipment's fair market value, up to $75,000 annually ● Credit applies only against taxes owed for year computers were donated
Historic Homes Rehabilitation (10-416)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Qualified rehabilitation expenditure must exceed $25,000 Businesses contributing funds qualify for credits if the individual or nonprofit organization that did the work designated them for the credits	● Total credits capped at $3 million per year ● 30% of eligible construction costs, up to $30,000 per dwelling unit ● Unused credits may be carried forward up to five years
Converting Historic Business Property to Residential Uses ( 10-416a)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Historic commercial or industrial property listed on the national or state Register of Historic Places or located in an historic district on the national or state Register	● Total credits capped at $15 million per year ● 25% of qualified rehabilitation expenditures, up to $2.7 million ● Unused credits may be carried forward for up to five years
Rehabilitation of Historic Business Property for Mixed Residential and Commercial Use (10-416b)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Historic commercial or industrial property listed on the national or state Register of Historic Places or located in an historic district on the national or state Register	● Total credits capped at $50 million per three-year cycle, beginning with FY 09-12 ● 25% of qualified rehabilitation expenditures; 30% if project includes units affordable to low- and moderate-income people ● No project can receive more than $5 million 10% of the three-year limit. ● Unused credits may be carried forward for up to five years


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Manufacturing and Specified Service Facilities in Enterprise Zones or Enterprise Zone Municipalities (12-217e (a))	Corporation	Based on developing facilities and creating jobs Facility must be: ● newly acquired, constructed or improved ● located in the enterprise zone or in another part of the town with the zone ● used for manufacturing or specified financial services Business must have created jobs to do work in the facility	● 10-year credit against tax allocable to facility: ○ 25% credit or ○ 50% if at least 150 or 30% of new jobs are held by zone or city residents who qualify for federal job training assistance ● Credits automatic in zones; available to manufacturers outside the zone at state's discretion ● Specified service firms outside the zones qualify for credits under the program below
Service Facilities in Enterprise Zone Municipalities (12-217e (b))	Corporation	Based on developing facilities and creating jobs	10-year credit based on number of jobs created: ● 15%, 300-599 jobs ● 20%, 600-899 jobs ● 25%, 900-1,199 jobs ● 30%, 1,200-1,499 jobs ● 40%, 1,500-1,999 jobs ● 50%, 2000 or more jobs
Entertainment Facilities (12-217e (a))	Corporation	Based on whether municipality designated an entertainment district and entertainment business develops facility and creates jobs	Same as enterprise zone credits for manufacturers, but entertainment business qualifies for credits regardless of whether the facility is located in the designated entertainment district
Clean Alternative Fuels Vehicles (12-217i) ( Authorization expired December 31, 2007)	● Corporation Business ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Alternative fuel vehicles and equipment purchased before January 1, 2008	● 10% credit against incremental cost of purchasing vehicles powered exclusively by clean alternative fuels ● 50% credit against expenses for equipment used in connection with clean alternative fuels ● Unused portions of both credits may be carried forward up to three years
Apprenticeship Training (12-217g)	Corporation	Hiring manufacturing, plastics, and construction apprentices participating in state-approved apprenticeship training programs Businesses hiring plastics trade apprentices qualify if the number hired exceeds the average number of plastic apprentices hired during the prior five years	● Maximum $4,800 or 50% of wages paid, whichever is less, for manufacturing and plastics trade apprentices ● Maximum $4,000 or 50% of wages, whichever is less, for construction trade
Incremental Research and Development Expenditures (12-217j)	Corporation	Businesses that increase their R&D expenditures over the prior year	20% of the amount spent on R&D over the prior year's spending


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Research and Development Grants to Colleges and Universities (12-217l	Corporation	Businesses granting funds to colleges and universities for technology-related R&D	25% of grant amount that exceeds the business' three-year average for technology-related R&D grants to colleges and universities
Research and Development Expenditures (12-217n)	Corporation	Any business incurring R&D expenditures	● Credit amount determined according to statutory two-step formula ● Credits range from 1% for expenditures under $50 million to 6% for expenditures over $200 million ● Only one-third of credit can be taken per year ● Unused credits may be carried forward until fully taken
Research and Development Expenditures for Qualified Small Businesses (12-217n)	Corporation	Businesses with gross incomes under $100 million	● 6% of total R&D expenditure ● Only one-third of credit can be taken per year ● Unused credits may be carried forward until fully taken
Machinery and Equipment (12-217o)	Corporation	Business must have increased the amount it spent for machinery and equipment used in Connecticut over the prior year's amount	Credit depends on the number of employees: ● 10% for businesses with 250 or fewer employees ● 5% for businesses with between 251 and 799 employees
Purchase of Electronic Data Processing Equipment (12-217t)	● Unrelated Business Income of Nonprofit Corporations ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies ● Insurance Companies, Hospitals, and Medical Services ● Corporation	Businesses paying property taxes on computers, printers, peripheral computer equipment, bundled software, and similar equipment	Credit is 100% of property tax paid on electronic data processing equipment
Financial Institutions (12-217u)	Corporation	Constructing minimum 900,000 square foot facility and maintaining specified job levels	Two-stage credits: ● Maximum $120 million in credits over 1^st 10 years: ○ 30% for each year business maintains at least 1,200 new jobs or ○ 40% credit for each year business maintains at least 1,600 new jobs ● Maximum $145 million in credits over next five years: 25% for each year business maintains at least 3,000 new jobs


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Fixed Capital Investments (12-217w)	Corporation	Property must: ● Have four-year class life ● Not be sold or transferred ● Be held or used in Connecticut	5% of fixed capital costs incurred during income year
Human Capital Investments (12-217x)	Corporation	Eligible activities: ● Job training ● Work education ● Child care subsidies ● Day care facilities ● Donations to colleges and universities for technology	● 5% of expenditure ● Unused credits may be carried forward for up to five years
Hiring Incentive for Temporary Family Assistance Program Participants (12-217y)	Corporation	Business must hire people who work 30 hours per week and have received program benefits for at least nine months	● $125 per employee for each full month worked ● Unused credits may be carried forward for up to five years
Displaced Workers Hired by Electric Suppliers (12-217bb)	Corporation	Worker displaced because of electrical industry restructuring; does not include officer or director of electric company or generation entity	$1,500 per worker available in income year after worker completes first six months of full-time work with business claiming credit
Small Business Guaranty Fee (12-217cc)	Corporation	Businesses receiving SBA-guaranteed bank loans and with gross revenues under $5 million (Businesses receiving these guaranteed loans and must meet SBA size standards, which are based on income and vary by industry)	● Credit equals the fee business pays for the SBA guarantee (fees vary depending on the loan amount) ● Unused credits may be carried forward for up to four years
Land Donation (12-217dd, as amended by PA 09-3, JSS)	Corporation	Land must be donated to the state, municipality, water company, or nonprofit land conservation organization Land must be permanently preserved as open space or used as public water supply source	50% of ● donated land's fair market value or ● value of discounted sales price or interest in land Business may carry unused credits for up to 25 years beginning with income years on or after January 1, 2009; 15 years for previously awarded credits
Displaced Workers (12-217hh)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Utility Companies	Any business hiring a worker who: ● lost his previous job because of a restructuring resulting in at least 10 layoffs and ● whose wages are at least 75% of his prior wages	$1,500 per displaced worker available in income year after worker completes first 12 months of full-time work with business claiming credit
New Job Creation (12-217ii)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Utility Companies	Any business creating at least 10 new jobs	● Total credits capped at $10 million per year ● Five-year credit up to 60% of the income tax deducted and withheld from the new employees' wages


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Film Production (12-217jj, as amended by PA 09-3, JSS	● Insurance Companies, Hospitals, and Medical Services ● Corporation	Eligible production expenses and costs, including production equipment and trailers*	Starting January 1, 2010, 30% flat credit for qualified expenditures over $50,000 is replaced with tiered credits: ● 10% for expenditures between $100,000-$500,000 ● 15% for expenditures between $500,000 and $1 million ● 30% for expenditures over $1 million Credits are not refundable, but (1) may be carried forward up to three years or (2) sold, transferred, or assigned up to three times Total annual credits capped at $15 million
Film Production Infrastructure (12-217kk, as amended by PA 09-3JSS)	● Insurance Companies, Hospitals, and Medical Services ● Corporation	Credit amounts based on costs incurred for developing basic buildings, facilities, and installations	● Starting January 1, 2010, tiered credits based on project costs replaced by flat 20% credit for projects of $3 million or more ● Project must be a100% completed before credit can be claimed
Digital Animation Production (12-217ll, as amended by PA 09-3, JSS)	● Insurance Companies, Hospitals, and Medical Services ● Corporation	Eligible production expenses and costs, including intellectual property, production equipment, and trailers*	Same as Film Production Tax Credit
Neighborhood Assistance Act (12-630a-12-638)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carrier ● Railroad Company ● Community Antenna ● Utility Companies	Minimum $250 contribution towards community service programs, including job training Contributions must be made to municipally approved programs	Total credits capped at $5 million per year for all businesses Business qualifies for 100% credit for energy conservation programs or 60% for all other programs; in both cases, credit limited to $75,000 annually Nonprofits limited to $150,000 per year in contributions approved for credits


*Credits Available to Businesses with Fewer than 100 Employees*
*Name and CGS §*	*Applicable Business Taxes*	*Eligibility*	*Credit Amount*
Urban and Industrial Sites Reinvestment (32-9t)	● Insurance Companies, Hospitals, and Medical Services ● Corporation ● Air Carriers ● Railroad Company ● Community Antenna ● Utility Companies ● Other specified business taxes	Business investing in projects developing or redeveloping property, including brownfields, that meet statutory criteria, including generating new tax revenue and other economic benefits Business may invest the funds directly in a project or through a fund manager	Total credits available for all projects capped at $500 million 100% credit, up to $100 million, spread out over 10 years: 0% in first three years after the investment was made, 10% per year in the next four years, and 20% per year in the remaining three years Unused credits may be carried forward for up to five years or assigned to another taxpayer
Insurance Reinvestment Fund (38-88a)	● Insurance Companies, Hospitals, and Medical Services ● Corporation	Businesses qualify for credit only if Investments made through state-registered fund manager that: ● Has at least $30 million in total assets ● Has at least three investors ● Invests only in unrelated insurance businesses Investments qualify if the insurance business receiving the investment occupies a new facility and at least 25% of its total workforce consists of new jobs	● 100% of invested amount spread out 10 years: ○ 0% in the two succeeding income years after the facility is built ○ 10% per year in years three though six ○ 20% per year in years seven through 10 ● Credits can be assigned to other taxpayers ● Unused credits can be carried forward for up to five years ● Authorization for credits expires December 31, 2015
Traffic Reduction (12-217s)	Corporation	Businesses with over 100 employees participating in traffic reduction programs	● Total credits capped at $1.5 million ● Credit equals 50% of the costs of participating in the traffic reduction program, up to $250 per participating employee
Research and Development Expenditures for Enterprise Zone Businesses (12-217n)	Corporation	Any business headquartered in an enterprise zone employing over 2,500 people and with annual revenues over $3 billion	The greater of 3.5% of total R&D expenditure or the amount derived from the statutory two-step formula used by big businesses outside the zone


*Name and CGS §*	*Credit Purpose*
*Name and CGS §*	*Research &* *Development*	*Physical* *Development*	*Energy & Environment*	*Geographically Targeted Phyical Development*	*Business Sector Development*	*Fixed Capital Purchases*	*Training & Job Creation*
Housing Program Contributions (8-395)		X
Computer Donation (10-228b)							X
Historic Homes (10-416)		X
Converting Historic Business Property to Residential Uses ( 10-416a)		X
Historic Investment (for mixed use property) (10-416b)		X
Manufacturing and Specified Service Facilities in Enterprise Zones or Enterprise Zone Municipalities (12-217e (a))		X		X	X		X
Service Facilities in Enterprise Zone Municipalities (12-217e (b))		X		X	X		X
Entertainment Facilities (12-217e (a))		X		X	X		X
Apprenticeship Training (CGS § 12-217g)							X
Clear Alternative Fuels* (12-217i)			X			X
Incremental Research and Development Expenditures (12-217j)	X
Research and Development Expenditures (12-217n)	X
Research and Development Expenditures for Qualified Small Businesses (12-217n)	X
Research and Development Expenditures for Businesses Located in Enterprise Zones (12-217n)	X			X
Machinery and Equipment (12-217o)						X
Traffic Reduction (12-217s)			X
Electronic Data Processing Equipment (12-217t)						X
Financial Institutions (12-217u)		X			X		X
Corporations Created in Enterprise Zones (12-217v)				X			X


*Name and CGS §*	*Credit Purpose*
*Name and CGS §*	*Research &* *Development*	*Physical* *Development*	*Energy & Environment*	*Geographically Targeted Phyical Development*	*Business Sector Development*	*Fixed Capital Purchases*	*Training & Job Creation*
Fixed Capital Investments (12-217w)						X
Human Capital Investments (12-217x)							X
Hiring Incentive for Temporary Family Assistance Program Participants (12-217y)							X
Displaced Workers Hired by Electric Suppliers (12-217bb)							X
Small Business Guaranty Fee (12-217cc)**	X					X
Land Donation (12-217dd, as amended by PA 09-3, JSS)			X
Displaced Workers (12-217hh)							X
New Job Creation (12-217ii)							X
Film Production (12-217jj, as amended by PA 09-3, JSS					X
Digital Animation Production (12-2-7ll, as amended by PA 09-3, JSS)					X
Film Production Infrastructure (12-217kk, as amended by PA 09-3JSS)		X			X
Neighborhood Assistance Act (12-630a-12-638)		X	X				X
Urban and Industrial Sites Reinvestment (32-9t)		X		X
Insurance Reinvestment Fund (38-88a)		X					X


October 8, 2009		2009-R-0355
LOANS AND TAX CREDITS FOR SMALL BUSINESSES

By: John Rappa, Principal Analyst