NEW HAVEN, Conn. (WTNH) — Women-owned businesses are helping to change the landscape of New Haven thanks to equity match grants from the Women’s Business Development Council and the state of Connecticut.
At the height of the pandemic, women business owners failed to receive the necessary loans and grants.
“Unfortunately, 80% of the funding from the federal government went to male-owned businesses and white-owned businesses,” Lt. Governor Susan Bysiewicz told News 8.
However, this equity grant is designed to level the playing field. The grant starts at $2,500 and tops out at $10,000.
“Women can’t even get loans, because that’s more debt, so to have a grant is even better to grow their business,” WBDC Manager Kenyetta Banks said.