Equity Match Grant Program for Women Owned Businesses

Equity Match Grant Program for Women Owned Businesses

The Connecticut Women’s Business Development Council is reopening its Equity Match Grant Program for the year 2023. Applications are open now and will close on February 28th. Grants between $2,500 and $10,000 will be awarded for clearly defined projects that will have a measurable impact on a business, its growth, and profitability.

The Women’s Business Development Council launched the Equity Grant Match program in January of 2021. The purpose of this grant program is to open opportunities for women to grow their businesses despite financial challenges as well as provide economic growth to Connecticut. Businesses must meet the eligibility requirements, and applicants are required to provide a minimum 25% match. The grant funds will not be available for use towards operating expenses, payroll, or real estate improvements.

Eligibility Requirements:

● Businesses must be female-owned by 51% or more.
● The business has been established for at least two years before February 28th, 2023, with a record of sales.
● Business must be headquartered in CT, registered in the state of CT, and owned by a CT resident.
● The business is in good standing with the CT Department of Revenue Services (DRS) and the Internal Revenue Service (IRS).
● The business must have an established business checking account.
● The business must utilize a formal, digital bookkeeping/financial system such as QuickBooks.
● The business must have a record of annual sales/revenue in the last twelve months greater than $25,000.
● The business must be a for-profit business.
● The business must be owned by a woman at least 18 years old.

For more information on the program and instructions on how to apply for the grant, visit the WBDC’s Equity Match Grant Program webpage.

Contact Us

The Innovative CPA Group strives to keep our valued clients informed of the opportunities available to them. If you are interested in applying for a grant under the WBDC’s Equity Grant Match program, we are readily available to assist. Please get in touch with us at 203-489-0612 or via our contact form.

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2023-11-01T13:25:12+00:00February 13th, 2023|Business, Connecticut, Grants & Loans, Small Business|

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