NEW YORK: How to finance and sustain a business and professional practice was the theme of a workshop organized by the Global Organization of People of Indian Origin - Connecticut Chapter (GOPIO-CT) and the Connecticut Development Authority (CDA) on August 21, 2008 at the Hampton Inn and Suites in Stamford.

The seminar was moderated by GOPIO International Chairman Dr. Thomas Abraham. In his remarks, Dr. Abraham said, "The Indian American community is the second fastest growing group in CT after the Hispanic community and has been contributing to Connecticut's economy in engineering and sciences, information technology, health sciences and hospitality industry.

While the Indian American community has been involved in growing small and medium sized businesses, the community is playing an increasing role as a conduit for investment from India, which is one of the fastest growing economies in the world."In her opening remarks, Yvonne Davis, President of Davis Communications and a consultant to CDA said that Connecticut has been opening up for new business especially from minority groups.

CDA President Marie C. O'Brien spoke on opportunities for small business in Connecticut and CDA's vision and commitment to small business. She urged the participants to take advantage of the services provided by CDA.CDA Executive Director Antonio Roberto made a presentation on the CDA and its vision for economic development and small business.

CDA Senior Vice President John Lobon, who also coordinates CDA supported UTBANK, spoke on minority business development and investment. "The traditional bank program has to test the market, however, URBANK program provides more tools such that if there is a deficiency in the credit area, URBANK provides the lender an additional comfort level," Lobon said.Dr. Fred MeKinney, President of CT Minority Supplier Development Council (CMSDC) gave a brief introduction to his group and spoke on the service they provide.

Dr. KcKinney appealed to participants to join CMCDC and take advantage of its network to promote one's business.GOPIO-CT President Sangeeta Ahuja in her welcome remarks said, "In order to get a fresh focus on the events planned by GOPIO- CT the committee frequently asks the members what they would like and this informative program is a testimonial to the members' involvement in planning the activities of our chapter."GOPIO-CT Vice president Shelly Nichani delivered the concluding remarks and requested everyone to participate with CDA and CMSDC and make use of the opportunities offered by both these organizations.

The seminar was fully subscribed and those participated got more than what they expected. One participant Naresh Vittal said, "What GOPIO-CT arranged in association with the Connecticut Development Authority and the Connecticut Minority Supplier Development Council, was a well structured and relevant introduction to the support available for small businesses within Connecticut. Equally important, it raised awareness both ways, in turn making both these bodies more aware of the Indian American community and its involvement in small business."