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New Britain seeks entrepreneurs for downtown loan, rebate programs

Startups and entrepreneurs wanted: An established program in New Britain is offering loans and lease rebates for fledgling businesses in the city’s downtown. More than $1 million is available as part of the city’s tax increment financing (TIF) program, with few applicants for the money so far, said Mayor Erin Stewart. “New Britain has been working for years to try to get our downtown back to what it once was a hub of mom-and-pop shops that really is a destination,” Stewart said. “The TIF program allows an opportunity that business owners haven’t had before to access capital in order to make it happen.”

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