The U.S. is home to more than 11.3 million female-owned businesses which employed around nine million people but according to a report by fitsmallbusiness.com Connecticut has not been a hospitable home for female entrepreneurs. The small business website ranked Connecticut 48th among all US States for "desirability for female business owners."
The report says “ver the last nine years, the number of female generated over $1.9 trillion in 2016, -owned businesses has grown five times faster than the national average.”
MILFORD: On January 31, The Milford Chamber of Commerce will hold its 63rd Annual Meeting and 2017 Awards of Distinction luncheon at 12:00 at Great River Golf Course in Milford, CT.
The Honorees are:
CHAMBER ADVOCATE OF THE YEAR, Julie Nash, Director of Economic and Community Development
RISING STAR AWARD, Joseph Napoli, Napoli Motors
BEAUTIFICATION AWARD, James Maroney, Founder’s Walk
By Michael Ciaburri
Ciaburri is CEO Worth Avenue Capital an alternative small business lender that helps small businesses obtain financing from private investors and banks when appropriate. Ciaburri was the founder and CEO of The Bank of Southern Connecticut from 2001 to 2008
In 2010, when Dodd-Frank was signed into law by then President Barack Obama, banks and lending institutions across the Northeast faced a level of regulatory oversight unlike ever before. That regulatory oversight brought significant consequences to commercial real estate investors and small businesses that frequently availed themselves of loans from both national and community banks. Suddenly, even borrowers with strong balance sheets or strong credit were being turned away from lenders as their profitability was not adequate in the face of costlier regulatory compliance costs.