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Grants for Women-owned Small Businesses in Connecticut

The Women’s Business Development Council offers grants of up to $10,000 to qualified women-owned small businesses in Connecticut.

Donor Name: Women’s Business Development Council

State: Connecticut

County: All Counties

Type of Grant: Grant

Deadline: 09/24/2024

Size of the Grant: $1000 to $10,000

Grant Duration: Grant Duration Not Mentioned

Details:

Ignite is designed to help women-owned businesses grow! Grants between $2,500 and $10,000 will be awarded for clearly defined projects that will have a measurable impact on the business, its growth and profitability.

Eligibility Criteria 

  • To be eligible, the business must:
    • Be 51% or more woman-owned
    • Be headquartered in CT, registered in the state of CT, and owned by a CT resident
    • Have been in business for at least two years before the application round deadline, with a record of sales
    • Have a record of annual sales/revenue in the last twelve months greater than $25,000 and less than $2,000,000
    • Be in good standing with the CT Department of Revenue Services (DRS)
    • Have an established business checking account
    • Currently utilize a formal, digital bookkeeping/financial system (e.g. QuickBooks, Sage, FreshBooks, Wave Accounting)
    • Be a for profit business
    • Be owned by a woman at least 18 years old
    • Have invested at least $2,500 into your business in the last 12 months, unless the business is located in a distressed municipality
  • The following businesses are not eligible:
    • Childcare businesses are not eligible for the Ignite Grant. If your business is in the childcare industry, WBDC has other programs for you.
    • Any individual or business that has already received an Ignite Grant, Equity Match Grant or WBDC Municipal Grant is not eligible.
    • Non-profit organizations are not eligible.
    • Current vendors or contractors of WBDC are not eligible. (Former vendors are eligible to apply a year after working with WBDC.)
    • Medical marijuana; liquor stores and alcohol distributors; adult businesses such as strip clubs; vape retailers; tobacco shops and smoking lounges; businesses having to do with gambling; gun stores and ranges; cash advance, check cashing, or pawn shops; bail bonds; collection agencies or services; and auction or bankruptcy or fire or “lost-the-lease” or “going-out-of-business” or similar sale.

For more information, visit WBDC.