Waterbury Grant Program

Donor: Women’s Business Development Council (WBDC)

About: The Waterbury Grant Program, offered by the Women’s Business Development Council (WBDC), provides grants ranging from $2,500 to $10,000 to qualified small businesses located in Waterbury, Connecticut. This program aims to support the growth and profitability of local businesses by funding clearly defined projects that have a measurable impact. The grants cannot be used for operating expenses, real estate improvements, reimbursement for past purchases, or debt repayment.

The Waterbury Grant Program is designed to help small businesses in Waterbury thrive and grow. By offering grants for specific projects, the program ensures that funds are used effectively to drive business success. The initiative supports a wide range of projects, from expanding services to investing in new equipment, as long as they contribute to the business’s growth and profitability.

To be eligible, businesses must meet specific criteria, including being in operation for at least one year, having annual sales between $25,000 and $2,000,000, and being registered in Connecticut. Additionally, businesses must be located in Waterbury, have a zoning permit, and be in good standing with the CT Department of Revenue Services. The application process is straightforward, with clear guidelines on how to prepare and submit the necessary documents.

Applications are reviewed on a rolling basis until funds are exhausted, with reviews taking place on the 15th of every month. This ensures that businesses have multiple opportunities to apply for and receive funding throughout the year. The review committee looks for well-developed applications that demonstrate a clear path to growth, strong financial projections, and a meaningful impact on the business.

In summary, the Waterbury Grant Program is a valuable resource for small businesses in Waterbury, providing the financial support needed to drive growth and success. With clear eligibility criteria and a structured application process, the program offers a great opportunity for local businesses to secure the funding they need to thrive.

Focus: Small Business Growth, Project Funding, Business Development

Region: Waterbury, Connecticut

Eligibility:
– Businesses in operation for at least one year
– Annual sales between $25,000 and $2,000,000
– Registered in Connecticut
– Located in Waterbury with a zoning permit
– In good standing with the CT Department of Revenue Services
– For-profit businesses
– Owned by individuals at least 18 years old
– Not eligible: Child care businesses, previous WBDC grant recipients, current WBDC vendors, specific business types (e.g., medical marijuana, liquor stores, adult businesses), non-profit organizations, real estate agents, sole proprietors

Benefits:
– Grants ranging from $2,500 to $10,000
– Funding for clearly defined projects
– Support for business growth and profitability
– Opportunity to apply on a rolling basis

Terms:
– Operating Expenses: Day-to-day costs of running a business, such as inventory, marketing, and salaries.
– Real Estate Improvements: Enhancements or construction costs related to property.
– Zoning Permit: Official approval from the city to operate a business in a specific location.
– Good Standing: Compliance with all legal and financial obligations, as verified by the CT Department of Revenue Services.