Earlier today, I had the chance to meet with the Lt. Governor who asked that I and others spread the word about the new Equity Match Grant, an exciting opportunity for our women owned businesses. An overwhelming majority of the more than 60,000 Connecticut businesses that secured federal loans for COVID-19 relief were male or white-owned: 78 percent were male-owned; 84 percent were white-owned; seven percent were Asian-owned; six percent were Hispanic-owned; and three percent were Black-owned.
The Equity Match Grant Program, which will be administered by the Women’s Business Development Council through its Opportunity Fund, will aid entrepreneurs in accessing the capital needed to establish banking relationships, improve credit, and overcome challenges related to the COVID-19 pandemic.
Together, Lt. Governor Bysiewicz and Fran Pastore, CEO of the Women’s Business Development Council, raised $525,000 in funds. The State will match the funds up to $500,000, bringing the total amount of funds available in the Equity Match Grant Program to more than $1 million.
Grants between $2,500 and $10,000 may be given for clearly defined projects that will have a measurable impact on the business. Applicants are required to provide a 25% match. Apply for the Equity Match Grant Program here.
To learn more about the Equity Match Grant Program and receive updated funder information, contact microgrants@ctwbdc.org.
And as always, if you have gotten this far, you will not be surprised that I am reminding you to please, please continue to wear your mask, maintain 6 feet of distance and practice good hand hygiene. Avoid gathering with people outside of those you live with and stay home if you are not feeling well or awaiting test results. I know I am a broken record on this, but I think we can’t say it enough these days. |
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