The Connecticut Department of Economic and Community Development

The Connecticut Department of Economic and Community Development (DECD) is a government agency located in Hartford, Connecticut, established in 1995 to enhance the state's economic landscape. DECD focuses on strengthening Connecticut's competitive position in the evolving, knowledge-based global economy. The agency employs a comprehensive strategy for economic development that integrates various sectors, including community development, transportation, education, and the arts and culture. By fostering collaboration and innovation, DECD aims to support business growth and improve the overall quality of life for residents across the state.

Daniel O'Keefe

Commissioner

4 past transactions

Forge

Grant in 2024
FORGE is a nonprofit that helps startups and innovative companies with physical products prepare to manufacture, then connects them with nearby manufacturing resources to help bring new products to market and support localized supply chains.

Tanbark Molded Fiber Products

Grant in 2024
Tanbark specializes in manufacturing custom, sustainable molded fiber packaging for businesses of all sizes. Its products replace styrofoam and plastic packaging, reducing waste sent to landfills.

Fortress Risk Management

Venture Round in 2014
Fortress Risk Management, LLC is a provider of cloud-based enterprise risk management solutions tailored for the banking and credit union sectors. Established in 2009 and headquartered in Wethersfield, Connecticut, the company specializes in offering technology and intelligence services designed to combat financial fraud and reduce risks associated with financial crime. Its comprehensive suite of solutions includes cross-channel transaction monitoring, behavior analysis, and alerting services, which collectively aim to enhance fraud prevention and compliance efforts for financial institutions. Additionally, Fortress Risk Management's Rampart Intelligence Platform features five specialized modules—AMLWatch, PayWatch, CheckWatch, CardWatch, and InsiderWatch—each focused on different aspects of risk management. By leveraging these tools, clients can improve their risk management processes, streamline reporting, lower operational costs, and mitigate reputational damage stemming from financial incidents.

Applango

Grant in 2014
Applango is a company that develops a management platform designed for SaaS-based businesses, enabling IT managers and administrators to gain comprehensive visibility into their software usage. Founded in 2012, Applango's application helps organizations monitor CRM usage, control costs, and enhance user adoption. The platform leverages predictive analytics to assess customer experience, identifying potential dissatisfaction even before complaints arise. This proactive approach allows businesses to streamline services and improve overall customer satisfaction, potentially reducing costs by 25% to 50% in initial iterations. Applango has been listed on the Salesforce AppExchange since September 2015 and has participated in the Amadeus Explore program since 2018.
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