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The president of one Stamford company said she’d been sparring with Chase – her bank of choice for over 25 years – over her firm’s PPP loan practically since the program was announced. “They’re probably the poster child for incompetency," she said.
The panel of local health, business, workforce, and education experts organized by AdvanceCT will consult with the governor's administration and legislative leadership on the reopening of Connecticut’s economy and education system.
Connecticut marked another grim COVID-19 milestone today, adding another 65 deaths to bring the total to 1,036. Fairfield County recorded 19 fatalities to bring...
"Women represent a mere five percent of Fortune 500 CEOs," said Pastore.
Ned Lamont "understands the need for economic growth, and the huge burden he’s facing,” says Joseph Brennan, president and CEO of the Connecticut Business and Industry Association. “He’s going to need help.”
“There is nothing sadder for me than walking into a company and seeing women not being kind to other women, not helping them, not mentoring them,” said Helen Rothberg, professor of strategy at Marist College and who also operates the consulting firm HNR Associates.
Women business owners claim access to capital (25 percent), lack of start-up knowledge (20 percent) and the need to gain credibility (18 percent) as the three biggest challenges they faced when launching their own business.
While the opportunities and the rewards of being an entrepreneur are limitless, the stakes of launching any new business, whether it be male- or female-owned, are high.
“Anecdotally, I still hear complaints from small businesses that they still have trouble accessing capital,” said CBIA President Joe Brennan.
While waiting for a resolution to the state budget impasse, President/CEO Fran Pastore remains confident that the group – and women entrepreneurs and business owners – will continue to make progress.
Applications for WBDC loans of $2,500-50,000 are being accepted now on a rolling basis.
“Is it a cause for hope, concern, or seeing opportunities? Probably all three,” said Joe McGee of The Business Council of Fairfield County.
The WBDC represents some 18,000 clients, who pay over $3.5 million in taxes each year.
The Stamford-based Women’s Business Development Council — with additional offices in Shelton, Danbury, Hartford and Waterbury — is now a microlender.
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