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CT Women's Business Development Council Announces Equity Match Grant Program

Posted on: May 24, 2022 - 10:03am
CTWBDC Equity Match Grant

The CT Women's Business Development Council has announced the latest round of their Equity Match Grant Program. Designed to help Connecticut women-owned businesses grow, the Equity Match Grant Program offers funding between $2,500 and $10,000 for clearly defined projects that will have a measurable impact on the business, its growth, and profitability. Applicants are required to provide a minimum 25% match. Applications are due by July 3, 2022.

To be eligible, businesses must:

  • Be at least 51% woman-owned;
  • Have been established in CT for at least two years;
  • Have a record of annual sales/revenue in the last twelve (12) months of at least $25,000 and less than $2,000,000;
  • Be headquartered, registered, and owned and operated within CT;
  • Owner must be 18+;
  • Be in good standing with CT Department of Revenue Services (DRS) and Internal Revenue Service (IRS);
  • Have an established business checking account and utilize a formal, digital book keeping/financial system;
  • Be for-profit, or a non-profit that derives 75% or more of the organization's revenue from a social enterprise.

The CTWBDC will be holding informational sessions for interested applicants on various dates throughout the month of June. Additional information on the program can be found here. Further questions can be directed to CTWBDC staff at info@ctwbdc.org or microgrants@ctwbdc.org.