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Governor Lamont announces $1.3 million in state funding to create Connecticut business incubator

Christian Fernsby |
Governor Ned Lamont announced that the Connecticut State Bond Commission is anticipated to approve an allocation of $1.3 million in state funding to support the Chamber of Commerce of Eastern Connecticut in its creation of the Thames River Innovation Center, which will be located at 92 Eugene O’Neill Drive in New London and will provide businesses and workers in the region with an innovation center and co-working space.

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Topics: CONNECTICUT   

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The center will be used for entrepreneurial training, technical apprenticeships, and business development, as well as advising entrepreneurs, including immigrants, of existing state and local permit requirements for forming a new company. It will be operated by the chamber in partnership with its 1,400 member businesses.

The State Bond Commission will vote on the item at its next meeting on Thursday, March 31, 2022. Governor Lamont serves as chairman of the commission.

“The needs of businesses and our economy are constantly evolving, and having a business incubator like the one being proposed in New London will provide workers throughout the region with a resource to build their skillsets and become matched with prospective employers,” Governor Lamont said.

“By partnering with the Chamber of Commerce of Eastern Connecticut and its many members, we can help ensure that the region continues to grow with the needs of the business community.”

The chamber is modeling the center after similar efforts across the country, including the Center for Innovation at UMass Dartmouth, the Berkshire Innovation Center, Foundry 66 in Norwich, the District in New Haven, CURE Innovation Commons in Groton, and the Westerly Education Center.


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