BRIDGEPORT — Starting a business isn’t easy. And according to Deborah Caviness, founder of the Southern CT Black Chamber of Commerce, it’s even tougher for businesses in underserved communities.
“We work with a lot of small businesses, and their main concern is access to capital,” Caviness said.
But acquiring capital for prospective entrepreneurs could get easier soon. Caviness was in attendance Monday at Schwerdtle Stamp Co., a Bridgeport-based tool and die manufacturer, as Gov. Ned Lamont announced a $150 million low interest loan program for small businesses throughout the state. The program, called the Connecticut Small Business Boost Fund, also places an emphasis on minority and low income communities.