Bank of America pledges $100K for CT women’s business grants

By Paul Schott

STAMFORD — With funding from the Women’s Business Development Council, the downtown Lorca Coffee Bar purchased a convection oven that powered a jump in sales last year.

Officials at the Stamford-headquartered WBDC are aiming to help many other small businesses overcome the disruption of the COVID-19 pandemic, and a new infusion from one of the country’s largest companies will bolster that mission.

Bank of America announced Monday a $100,000 contribution for counseling, technical assistance and other services to support future rounds of the WBDC’s Equity Match Grant Program. Launched in 2020, the initiative has provided $924,000, across 98 grants, to women-owned businesses in Connecticut.

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