New Milford and the State of Connecticut offer many financial incentives and benefits to new and expanding business investments. To get a customized proposal about your project, including estimates of financial programs, please contact New Milford Economic Development at 860-355-5001 or through email.
> Municipal Tax Abatement
New Milford has the most aggressive abatement policy in Western Connecticut, offering up to 100% for FIVE YEARS on major commercial and industrial development projects. Contact the Economics Development Director after looking through the following:|
>corporation for New Milford Economic Development Financial Incentives
The Corporation for New Milford Economic Development, a 501c3 non-profit corporation founded in 2010, offers multiple financial incentives for businesses investing in New Milford.
Click here for a Program Brochure.
> Façade Improvement Grants & Loans
Corporation for New Milford Economic Development Financial Incentives:
The Corporation for New Milford Economic Development offers direct loans and grants to New Milford businesses and commercial property owners located in the Village Center for façade improvements. Up to $5,000 in low cost funding can be used for new doors, repainting, repair of walls and windows, installation of cornices, awnings and other exterior improvements that will beautify the village.
>CNMED Microloan Program
>CNMED Facade Loan and Grant Program
Small businesses in New Milford needing to make improvements to their facades with lighting, signage, awnings, plantings or furniture may apply for up to $5,000 in a combination of loan and grant funds. Applicants must have a 20% investment in the total improvement project.
Façade Program Guidelines
Façade Program Application
>COMING SOON - Sewer Hoopup Fee INcentive