Torrington Grant Program for Small Business in Connecticut

The Women’s Business Development Council is offering the Torrington Grant Program to help businesses in the City of Torrington, Connecticut grow. Donor Name: Women’s Business Development Council State: Connecticut County: All Counties Type of Grant: Grant Deadline: 08/15/2024 Size of the Grant: $1000 to $10,000 Grant Duration: Grant Duration Not Mentioned Details: The grant funds cannot be used towards operating expenses (e.g. inventory, on-going marketing expenses, salaries), real estate improvements (e.g. construction costs), reimbursement for past purchases or debt repayment. Funding Information Grants between $2,500 and $10,000 will be awarded. Eligibility Criteria To be eligible, the business must: Have been in business for at least two years (as of the date of your application submission) 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 registered in Connecticut Be located in Torrington, Connecticut and have a zoning permit from the City of Torrington 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 person that is at least 18 years old The following businesses are not eligible: Child care businesses are not eligible for the WBDC/Torrington Small Business Grant.  If your business is in the childcare industry, WBDC has other programs for you Any individual or business who has already received a grant from WBDC is 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-our-lease” or “going-out-of-business” or similar sale. For more information, visit WBDC.