Office of Economic and Community Development

IN DERBY SMALL BUSINESS IS OUR ECONOMY
WHEN YOU GROW, PROSPER AND SUCCEED – WE ALL WIN!

Here’s how we can help you:

Derby is an Enterprise Corridor Zone. This means you may be eligible for:

a) 5 year 80% abatement of local property taxes on all real and personal property taxes that is new to the grand list as a result of business expansion or renovation.
b) Ten year 25% or 50% credit on your CT Corporate Business Tax that is directly related to business relocation, expansion or renovation project.

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Revolving Loan Fund:
All new business expenses – 3% for ten years and interest only the first year. There is a waiting list for this program, and it is on a first come first serve basis.
Please call Patty Finn at 203-736-1478 for further information?
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Economic Tax Incentives including:

a) Urban and Industrial Tax Credit Program
b) Corporate Sales Tax Exemptions
c) Corporate Business Tax Exemptions
d) Real and Personal Property Tax Exemptions

Watch for information on the following:

a) Small business loans
b) All available lease and or purchase/sale properties in the City of Derby
c) Economic and Community Development Grant Opportunities
d) Multiple links to our economic and community development partners/agencies and non-profits

(***All programs are subject to specific eligibility requirements)

Please call the Office of Economic and Community Development at anytime for assistance and or questions 203.736.1478 and 203.736.1496l.