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Norwalk Online Book Seller Receives $400,000 State Grant for Expansion
Agency - Department of Economic and Community DevelopmentThe Norwalk-based full service online bookstore, Akademos, Inc., has been provided $400,000 in grants to expand its operations and recruit seven additional staff.
The funding comes from the Department of Economic and Community Development which will supply a $100,000 grant and 10-year $300,000 loan at 2 percent interest. The funding will enable the store to bring new software services to their customers as well as raise faculty awareness and student access to affordable educational resources.
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Programs provide any of a wide variety of incentives to encourage new businesses and industries to locate in a particular community, to provide development and expansion opportunities for existing businesses, and to discourage existing businesses from leaving the area and relocating elsewhere. Attraction of Business; Business Recruitment; Empowerment Zones; Enterprise Zones; Industrial Park Development; Media Production Liaison Services
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