Norwalk's New Business Development Center

Norwalk is recognized by families and businesses as one of the best places to live. Its population now exceeds 92,000 residents and it is the 6th largest city in Connecticut. It comes as no surprise that there is a lot of economic opportunity in Norwalk, and new businesses are starting up on a very regular basis. To aid Norwalk-based entrepreneurs and new business owners, the city has created a new Business Development Center. Read on to learn about this brand new facility and the services provided.

What is the Business Development Center?

[caption id="attachment_2140" align="alignleft" width="1024"] Photo courtesy of Nancy Chapman[/caption] The new business center, located at 3 Belden Avenue, was opened on November 3, 2022. It’s designed to be an all-inclusive resource that entrepreneurs and business owners can utilize throughout the life cycle of their businesses. This center was constructed using various sources of federal, state, and local funding. The American Rescue Plan Act gave the development center a vital infusion of funding to help complete it. "We have the opportunity to have staff onsite to be able to assist with local and state grants, be able to build business plans, business models, offer professional development training, and be able to offer residents…and people in the region, as a whole, an opportunity to be able to take a dream that they may have stored for a very long time and actually make it a reality,” says Jessica Vonashek, Chief of Economic and Community Development for the City of Norwalk.

What Services does the Business Development Center Provide?

Whether you are looking at starting a business or expanding one, the development center can help you. Services are extensive and cover a variety of topics:

• Financial Education
• Loan or Grant Application Assistance
• Technical Support for Local, State, or Federal Permitting
• Business Plan Development and Implementation
• Local and State Licensing Requirements
• Insurance for Your Business
• Market Research

Financing is another popular topic among entrepreneurs. Prospective business owners want to know how to infuse capital into their companies. The Business Development Center resources can walk you through traditional lending options, local programs, and Small Business Administration (SBA) programs. All of these resources are available free of charge to ensure these resources are accessible to everyone. The Business Development Center is a partnership with the City of Norwalk, the Greater Norwalk Hispanic Chamber of Commerce, The Greater Norwalk Chamber of Commerce, SCORE, the Small Business Development Council, the Norwalk Redevelopment Agency, the Women’s Business Development Council, and the NAACP. This partnership ensures that there is support for your business that is diverse and equitable.

Have More Questions?

With the help of private sector experts and higher-education resources, you can make your dream of starting your new business in Norwalk, CT a reality. If you want to learn more about Norwalk’s Business Development Center, contact us today or come visit us at the Norwalk Business Development Center Monday through Friday from 9 am to 4 pm.