Resources for Minority-owned Businesses
There are many resources to help minority-owned businesses start and grow in Connecticut. If you are a minority business owner, check out this list of resources that you may be able to take advantage of.
All Resource Lists
Opportunity to contract with Connecticut government
The Department of Administrative Services administers statewide contracts for the purchase of supplies, equipment and contractual services through programs such as:
- Supplier Diversity (Set-Aside) Program for women and minorities
- State and Federal Surplus Property Distribution
- Construction Contractor Pre-qualification
- Environmentally Preferred Purchase
- State and Federal Surplus
Learn more about Connecticut Procurement Services
Training and education for under-served citizens to support job growth and business development.
The Spanish American Merchants Association (SAMA) is a non-profit corporation created to assist business people, in particular Latinos, to acquire a better understanding of economic principles. The Association effectively communicates the needs and potential of the Hispanic enterprise to the public, government and private sector.
Learn more about Empresario Development Center - SAMA
If you are a woman- or minority-owned business looking for up to a 30 percent guarantee of principal on loans under $50,000.
CEDF was created in 1994 to revitalize Connecticut's distressed neighborhoods by providing greater access to capital, technical assistance to small businesses and support for community economic development. Since then CEDF has provided millions of dollars in loans to small businesses, created and retained hundreds of jobs for the states residents, and funded numerous community planning efforts. Joining forces with the state, leading lenders and representatives from low- and moderate-income communities, CEDF is bringing help for Connecticut's small businesses and neighborhoods.
The mission of the Community Economic Development Fund (CEDF) is to strengthen neighborhood economies by providing flexible financial and technical support to small businesses, community organizations and initiatives in targeted communities and to low- and moderate-income individuals throughout Connecticut.
Learn more about Microloan Guarantee Program (CEDF/DECD)
If you are a small minority- or woman-owned business looking to apply for state contracts.
Of state contracts and projects, 6.25 percent are set aside and available for state-certified small minority businesses. This includes businesses owned by persons who are ethnic minorities, women or disabled.
Learn more about Minority & Small Business Supplier Diversity Program (DAS)
If you are a woman and/or minority business owner looking for a business loan you may be interested in this program.
CEDF offers a special loan guarantee in conjunction with the Department of Economic and Community Development (DECD) to help women and minority owned businesses obtain flexible financing. This program is for start up businesses as well as existing businesses looking to expand. CEDF provides the loan and the Department of Economic and Community Development provides up to a 30% guarantee. This guarantee is particularly helpful to start up businesses that need a greater degree of flexibility in obtaining a loan.<.p>
Learn more about Women and Minority Loan Guarantee Program
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