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Connecticut Manufacturing Reinvestment Account (MRA)

Connecticut Department of Economic & Community Development (DECD)CT-MRA
Max per Applicant

$100K

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Connecticut

About This Program

Allows Connecticut manufacturers to set aside pre-tax business income into a dedicated account for qualifying equipment purchases and workforce training expenses, providing a tax deferral that supports capital reinvestment.

Key Requirements & Eligibility

  • 1Business must be a Connecticut manufacturer (NAICS codes 31โ€“33)
  • 2Annual deposits to MRA account: up to $100,000
  • 3Funds must be used within 5 years for qualifying equipment or training
  • 4Deferred income is taxable when withdrawn for non-qualifying uses
  • 5Application and certification from CT DECD required

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

ManufacturingTechnologyEnergy Management
Official Source