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Feb 8, 2021 by DianeN

WOMEN’S OPPORTUNITY FUND GRANT DEADLINE FEB 15

The Women’s Business Development Council’s Opportunity Fund is pleased to offer the Equity Match Grant Program, providing cash grants
of up to $10,000 to women-owned businesses in Connecticut.

Grants are awarded for clearly defined projects that will have a measurable impact on the business. Priority will be given to eligible minority-owned businesses and those disproportionately impacted by COVID-19. WBDC is looking to support women entrepreneurs needing to purchase critical business assets or looking to pivot to an online business model. NOTE: grant funds cannot be used towards operating expenses, payroll, or real estate improvements.

Applicants are required to provide a minimum of a 25% match. For example, a client receiving a $10,000 grant must have invested a minimum of $2,500 in their business over the past 12 months OR be able to invest an incremental $2,500 of their own funds at the time of grant distribution.

Qualified business applicants must be:
● Registered in Connecticut and in good standing with the State
● Operating for a minimum of two years

Only complete applications will be accepted. Required documentation includes:
● A Letter of Intent describing the project to be funded and forecasted impact (including supporting cost estimates and proposals)
● A complete business plan, including two years of past financials (balance sheet, profit and loss, cash flow statement) and three years of financial projections
● Complete tax returns – 2018, 2019 and 2020 (if available)
● Copy of business bank account statement
● Proof of CT residency and business ownership, including Articles of Incorporation or a letter of good standing from the CT Secretary of State

GO HERE FOR APPLICATION AND INFORMATION

Application Open Date: February 1
Information Session: February 8
Application Closing Date: February 15
Grant awardees announced: April 5
Grants distributed: April 15
For more information, please visit ctwbdc.org or email microgrants@ctwbdc.org .

Filed Under: COVID-19, Grants & Funding Tagged With: COVID, grant, OPPORTUNITY FUND, WBDC, WOMENS GRANT

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We’re conveniently located in the heart of downtown Willimantic’s business district. Call us to schedule a meeting to discuss your business needs or to meet with our Business Resource Center.

Windham Region Chamber of Commerce
1010 Main St.
Willimantic CT 06226
Phone: (860) 423-6389
Fax: (860) 423-8235

info@windhamchamber.com

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