Verizon Grants For Small Businesses – Our editorial transparency tool uses blockchain technology to save all changes made to official versions after publication. However, this post is not an official post and is therefore not followed. For more information visit our learn more page.
And LISC announced the first round of more than 200 grants to support small businesses making an impact in their communities.
Verizon Grants For Small Businesses
Rafael Larios is smiling today. As the owner of Honduran Cuisine in Long Beach, CA, Rafael is one of more than 200 small business owners nationwide who received a $10,000 grant from the Local Startup Support Center (LISC) as part of the Small Business Recovery Fund . Rafael had to cut his menu and staff due to COVID-19 because he believes his restaurant offers more than food. This is a painful decision. “Keeping our business up and running is not just about us or our family,” says Rafael. “We represent the Honduran community in Southern California. Unfortunately, if we close the restaurant, we will also close the area. Small businesses are the heartbeat of communities, and the extreme financial impact of the pandemic is making many uncertain about their future. Goldman Sachs reported that 64% of small businesses say their cash reserves will last less than three months. And one small business closes its doors every hour, according to the Small Business Association. It’s fast for small businesses. Since the beginning of this crisis, he has stepped up to support small businesses. The grants announced today will help landlords meet wages, pay rent and meet urgent operational needs. The majority of donors come from underserved areas with businesses owned by 62% women, 96% minorities and 12% veterans. The second round of contributions of up to $2.5 million continues through the ongoing #PayitForwardLIVE weekly release. More than 55,000 applications were received in the first round alone, confirming the urgent need for financial support. In light of the strong response, he also announced the third round of grants today, raising the total funding of the Small Business Recovery Fund to $7.5 million. To lend a helping hand and necessary resources. In addition to providing much-needed financial relief, it has focused on providing resources and expertise to help small businesses meet immediate and long-term challenges. Through our partnership with Hello Alice, a platform that supports undisclosed small businesses, we have published resource guides for owners looking to change their business model or optimize their digital assets. increase. Yahoo Small Business is offering a free one-year subscription to Business Builder, which includes a website, community and email newsletters to help businesses get online, and a consultation session with a small business expert. with selected resources for business continuity planning, including a free webinar series featuring experts sharing actionable insights for small business owners. Looking for a way to help? The Volunteer Portal offers virtual opportunities for employees to lead small businesses, including those directly affected by COVID-19, to support partners like Micromentor. Hope for tomorrow. As we get to the other side of this crisis, let’s hope that the companies that were on the streets of our area are still there, that contribute to our community and our local culture. We need people like Rafael to continue to maintain the diversity and vibrancy that only small businesses offer. “Of course I want to thank LISC,” Rafael said. “It’s an opportunity for us to stay open, move forward and continue serving our customers and our community. I’m very grateful to all of us at Honduras’ Kitchen.” Be sure to watch Pay It Forward Live tonight to see Janelle Monáe perform and learn more about the plight of small businesses across the country. It is the backbone of local economies, providing jobs and services at this critical time, financial support can make the difference between staying in business or shutting down completely.
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Verizon recognized early in the crisis that small businesses would need help filling funding gaps quickly until normal operations resumed or more permanent expenses became available. The company stepped up with a $7.5 million investment to launch the Verizon Small Business Recovery Fund, which provides grants of up to $10,000 to small businesses, particularly in historically underserved areas. – history hit hard by the pandemic.
But that’s not all. Verizon’s airing series #PayItForward LIVE has leveraged some of the biggest stars to bring more attention and resources to small business recovery. In nine weeks, the best names in the world of music such as Dave Matthews, Usher, Chance the Rapper, Janelle Monáe, Billie Eilish, Alicia Keys and Ryan Tedder; world-class athletes such as Tua Tagovailoa, Saquon Barkley, Rusty Wallace and Team Penske race car drivers; with top performers such as Cizzorz, Nate Hill and Pokimane, with stellar performances including Joe Buck, Aisha Tyler, Oliver Hudson and Lilly Singh.
The numbers are impressive, but the real impact comes from the stories of small business owners who were able to keep their businesses open thanks to the Verizon Small Business Recovery Fund. These include a young man who returns to his hometown of Flint to bring new water production technology to areas that need it most; A woman coming home from a trip to Puerto Rico in New Haven was inspired to open a salsa dance studio; and two brothers in Los Angeles who are dedicated to protecting their family’s two Honduran restaurants. Our editorial transparency tool uses blockchain technology to save all changes made to official versions after publication. However, this post is not an official post and is therefore not followed. For more information visit our learn more page.
As we head into National Small Business Week, I am inspired by the creativity of our small business customers and their ability to change the way they do business overnight in today’s extraordinary circumstances. From a retailer that goes from a full-service store to a nightly reception to a design agency that serves all of its customers equally, the potential for small businesses to become digitally savvy to generate revenue has been surprise. According to a recent Small Business survey, nearly two-thirds (63%) of small businesses use digital tools and technologies to transform their business processes and customer experiences. In addition, 40% of small businesses said that COVID-19 pushed them to increase revenue through digital and online services. Small businesses are increasingly embracing technology, and these solutions will be the key to recovery and success. It’s clear that connectivity has been the catalyst for how small businesses have been able to adapt over the past year and a half. I’m excited that our network can help move small businesses into new areas of customer experience, profitability, efficiency and ubiquity. It is our responsibility to continue to deliver innovations to our customers, leveraging the power of our network to move their business forward today and tomorrow. Our teams partner with small businesses every day to create and innovate personalized solutions. So what does that mean? The service answers the call in several ways. Our remote collaboration video conferencing solution is provided by BlueJeans. Customers are also getting mobile phone-first solutions such as One Word, which sends a number to ring multiple compatible mobile devices, desktop phones and PCs. This means less missed calls and more connection opportunities. Then there are the opportunities that 5G can provide. 58% of small business owners believe 5G will create new opportunities in their industry. We are working to provide 5G mobile devices and 5G Enterprise Internet to our customers. Finally, safety is paramount in this new large-scale work-from-home model. We have a variety of solutions from device to network security to help our small business customers work securely wherever they work. Next week, we’re bringing back Small Business Days, where small and medium business customers can access exclusive discounts and pay no activation fees. Small and medium businesses can visit a participating store or visit a virtual site at https:///business/resources/lp/small-business-days/ to access their business’s exclusive discounts and quick starts , including communications, connectivity and security. can make an appointment. Beyond advice and support, from September 13 to September 17, small and medium business owners will be able to take advantage of limited time offers and get up to $1,000 off a new 5G phone with a swap and a new line. Throughout the week, we’ll also be sharing conversations we’ve had with some of our small business clients on their Business social media accounts. I hope their stories inspire you as they have inspired me. Finally, today we announced a new program called “Small Business”.