Financial Resources, Loan Programs & Tax Incentives

WDC Loan Funds

Regional Business Investment Fund (RBIF):

The Regional Business Investment Fund (RBIF) was developed in an attempt to create and retain jobs in the Central Naugatuck Valley Region. Loan amounts range from $50,000 - $350,000 for any one borrower, although larger loans may be considered in situations involving significant economic benefit.

(click here to download RBIF brochure)
(click here to download RBIF application)

Downtown Development Incentive Fund (DDIF):

The Downtown Development Incentive Fund is targeted at businesses committed to locating or expanding in Downtown Waterbury. Commercial developments to include office, retail, restaurant, and entertainment projects are eligible for DDIF benefits. Loans range from $15,000 - $250,000 for any one project, although larger loans may be considered in situations involving significant economic benefit. Forgivable loans may also be considered at the discretion of the WDC.

(click here to download DDIF brochure)
(click here to download DDIF Application)

Waterbury Fund (WF):

The Waterbury Fund was developed to entice job creation and retention in the City of Waterbury. Eligible businesses are commercial investments, with the exception of food and beverage establishments, or industrial in nature. Loans range from $50,000 - $250,000 for any one project, although larger loans may be considered in situations involving significant economic benefit.

(click here to download Waterbury Fund brochure)
(click here to download Waterbury Fund application)

Waterbury Micro-Loan Fund (WMLF):

The Waterbury Micro-Loan Fund was developed to entice job creation and retention in the City of Waterbury. Eligible businesses are commercial investments or industrial in nature. Loans range from $15,000 - $35,000 for any one project, although larger loans may be considered in situations involving significant economic benefit.

(click here to download Waterbury Micro-Loan Fund brochure)
(click here to download Waterbury Micro-Loan Fund application)

Tax Incentives

The Waterbury Enterprise Zone:

The Enterprise Zone in Waterbury is the second largest zone in the state of Connecticut. Within its boundaries, businesses can take advantage of a complete package of state and local incentives, electric utility economic development rates, and the generally more affordable rents in these older industrial areas.