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Connecticut Manufacturing
Innovation Fund Voucher Program (MVP)

• Must be a Manufacturer or Allied Service Provider (Allied Service Providers only include companies that physically interact with a manufactured good to alter the product - for example industrial Heat Treaters and industrial Platers).
• Must have a manufacturing facility in Connecticut or relocating operations to CT.
• Must be registered for at least 3-years and currently generating revenue.
• 51% or more of the company's revenue must be generated from the sale of goods the applicant manufactures or from allied services provided to manufacturers.
• Must have at least 3 full-time employees and no more than 100.
• Proposed project value must be at least $25,000.
• Must be operating in an appropriately zoned commercial area.
• Must not have previously received MVP grant(s) amounting to $100K or more.
• Must be in Good Standing with both the CT Department of Revenue Services and CT Department of Labor at time of application submission.

• Assistance with new machinery acquisition
• Technical experts in universities, educational institutions, nonprofits, or other organizations to solve engineering, marketing and other challenges, i.e. workforce development, supply chain network development, technology insertion, research and development
• Market analysis
• Business development
• Financial transition and market growth planning
• Testing or research to support proof of principle
• Prototype development
• Process Improvements
• Commercialization and innovation services
• Specialized Equipment for automation
• Tooling development and manufacture
• Quality System Upgrades
• Other such costs that the Advisory Board and/or DECD deems eligible.

The program has specifically identified the following activities as ineligible uses of the funds:

• Debt restructuring
• Ongoing operational costs/Working Capital
• Loan payments
• Costs related to the sale of disposal of business assets.
• Lobbying
• Workforce training
• Motor Vehicles Requiring DMV Registration
• Real Estate Acquisition
• Construction related activities
• Acquisition of an entire business or more than 50% of the assets of another business

• Total project value must be at least $25,000.
• A third-party vendor or service provider must be used to execute the proposed project.
• Only projects that have not been committed to and don't start until after submission of your application will be considered for funding.
• A project match of either 2:1 (first-time applicants) or 3:1 (repeat applicants) will need to be provided.
• Companies that receive an award under this program will be required to complete an impact report 6 months following the project's commencement.

Any award amount must be cash matched by the applicant as follows:

First Time Applicants

• A minimum project match of 2:1 is required (First time applicants potentially receive a 33% project subsidy up to the lifetime program maximum of $100,000)

Example	Proposed Project Cost	Potential Grant Amount (Match 2:1)	Required Applicant Contribution
1	$25,000 (min)	$8,333	$16,667
2	$75,000	$25,000	$50,000
3	$150,000	$50,000	$100,000
4	$300,000	$100,000	$200,000
5	$500,000	$100,000 (max)	$400,000

Repeat Applicants

• A minimum project match of 3:1 is required (Repeat applicants potentially receive a 25% project subsidy up to the lifetime program maximum of $100,000)

Example	Proposed Project Cost	Potential Grant Amount (Match 3:1)	Required Applicant Contribution
1	$25,000 (min)	$6,250	$18,750
2	$75,000	$18,750	$56,250
3	$150,000	$37,500	$112,500
4	$300,000	$75,000	$225,000
5	$500,000	$100,000 (max)	$400,000

• A project quote from a Vendor or Service Provider
• A program provided Budget Form for your project.
• A status letter of Good Standing from the state Department of Revenue Services (DRS)
• A status letter of Good Standing from the state Department of Labor (DOL)
• Evidence of the ability to complete the project and meet the required funding match (i.e. bank statement, credit line availability, bank letter, etc).

• The processing time depends on the number of applications ahead of yours in the queue
• You will be notified when your application comes up for review.
• You can monitor processing status online at http://ctmvp.ccat.us

• It is up to the applicant to select a vendor or service provider that is appropriate for the proposed project.

• Vouchers are awarded on a first-come first-served basis.
• Funding is provided in the form of a check.
• Checks are issued approximately 30 days following completion of the required award documents.

• Payment is subject to the availability of state funding for the program.