Gloria Montoya, of Meriden, has run a childcare business out of her home for the past 13 years. Working with small children is never an easy task, but it is made harder by the risk of business failure as the U.S. Small Business Administration (SBA) estimates that only one-third of new businesses survive their tenth birthday.

“Families need a conscientious person to take care of kids so they can go to work at ease,” she said.

Across the United States, it is harder for Latinos and women to start a small business and Connecticut is not an exception. A recent report from the SBA found that there is a large gap between workers and business owners for women and minorities, especially Latinos.

“Most of the people making decisions about who gets a loan are not women,” said JoAnn Gulbin at the Women’s Business Development Council of Connecticut.

“Access to capital remains the single largest obstacle for women who are starting, trying to start or grow businesses.”

The council provides opportunities for female business owners, including advice, grants, loans and networking. The council focuses on minority and low-income clients. A total of 48% of its clients are minority-owned enterprises.


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