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Competition aims to grow Black-owned businesses in state

A competition for up and coming Black-owned businesses and entrepreneurs in Connecticut will take place next month.

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The Black Business Alliance has received a $100,000 federal grant to expand financial literacy training and loan application support for black-owned companies across Connecticut.

Anne-Marie Knight, the executive director of the Black Business Alliance, said the funding is a good start to support their needs.

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Black Business Alliance Awarded $100,000 Federal Grant
At the Connecticut Post Mall in Milford, Tuesday was a big day for the Black Business Alliance (BBA) as the organization received a major donation that they say is going to do a lot of good throughout the state.

During a ceremony that took place Tuesday morning, Sen. Richard Blumenthal announced a $100,000 federal grant was being awarded to the BBA to fund their ‘Black Business Funding Superhighway’ - a program that supports Black-owned businesses through financial literacy training, loan application support, and networking opportunities.

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