© 2024 WSHU
NPR News & Classical Music
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
We received reports that some iPhone users with the latest version of iOS (v17.4) cannot play audio via the Grove Persistent Player.
While we work to fix the issue, we recommend downloading the WSHU app.

Lamont Unveils $1.5 Million Loan Program For Women And Minority-Owned Businesses

Ebong Udoma
/
WSHU
Conn. Gov. Ned Lamont announces a new loan program for women and minority-owned businesses in New Haven, Derby and Ansonia, Tuesday at the Community Foundation of Greater New Haven offices.

Connecticut Governor Ned Lamont has announced a $1.5 million low-interest loan program that has been created for minority and women-owned businesses in New Haven, Derby and Ansonia.

Lamont says the public-private loan program will benefit minority-owned businesses who employee fewer than 20 people and might have missed out on other COVID-19-related financial relief.

“There’s nothing more important to our state to get it going again than to give people confidence. Give small business confidence that we can power through this.”

The program will offer loans of up to $25,000 at 4% interest to about 75 local women and minority-owned businesses in New Haven, Derby and Ansonia. The first $4,000 of the loan is forgivable. The public-private partnership that contributed to the program includes the Community Foundation of Greater New Haven and HEDCO Incorporated who gave $500,000 each. The Amour Propre Fund and the city of New Haven gave $250,000 each.

As WSHU Public Radio’s award-winning senior political reporter, Ebong Udoma draws on his extensive tenure to delve deep into state politics during a major election year.
Related Content