Some New London Businesses Can Now Apply for Grants of Up to $10,000

The Women’s Business Development Council on Wednesday launched a grant program in which New London businesses can receive between $2,500 and $10,000 to help them grow.

Eligible businesses must be at least two years old and have annual revenue between $25,000 and $2 million for the past year; female- and male-owned businesses can apply.

Funding for the New London/WBDC Small Business Grant Program comes from the City of New London’s allocation of federal American Rescue Plan Act dollars.

“Ten thousand dollars doesn’t sound like a lot of money, but it is a kind of vote of confidence in a business plan and business model,” said Sen. Richard Blumenthal, D-Conn. He also called WBDC’s relocation to a larger downtown office a vote of confidence in New London.

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