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Progressive Insurance®, Hello Alice Award $1 Million to Small Business Owners

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Progressive Insurance, in collaboration with Hello Alice, has announced the 2024 recipients of their Driving Small Business Forward grant program. 20 small business owners will each receive a $50,000 grant to use toward purchasing a commercial vehicle for their business. The program aims to support entrepreneurs by improving access to capital for transportation needs.

Recipients were selected based on their business's impact on local communities. They will also have the opportunity to participate in Boost Camp, a business coaching program from Hello Alice. This initiative reflects Progressive's commitment to fostering progress in business and supporting the significant role small businesses play in the U.S. economy.

Progressive Insurance, in collaborazione con Hello Alice, ha annunciato i destinatari del programma di sovvenzioni Driving Small Business Forward per il 2024. 20 imprenditori riceveranno ciascuno un sovvenzione di $50.000 da utilizzare per l'acquisto di un veicolo commerciale per la loro attività. Il programma mira a supportare gli imprenditori migliorando l'accesso al capitale per le esigenze di trasporto.

I destinatari sono stati selezionati in base all'impatto delle loro attività sulle comunità locali. Avranno anche l'opportunità di partecipare al Boost Camp, un programma di coaching aziendale offerto da Hello Alice. Questa iniziativa riflette l'impegno di Progressive nel promuovere il progresso nelle imprese e nel sostenere il ruolo significativo delle piccole imprese nell'economia statunitense.

Progressive Insurance, en colaboración con Hello Alice, ha anunciado a los beneficiarios del programa de subvenciones Driving Small Business Forward para 2024. 20 propietarios de pequeñas empresas recibirán cada uno una subvención de $50,000 para utilizarla en la compra de un vehículo comercial para su negocio. El programa tiene como objetivo apoyar a los emprendedores mejorando el acceso al capital para necesidades de transporte.

Los beneficiarios fueron seleccionados en función del impacto de sus negocios en las comunidades locales. También tendrán la oportunidad de participar en el Boost Camp, un programa de coaching empresarial de Hello Alice. Esta iniciativa refleja el compromiso de Progressive de fomentar el progreso en los negocios y de apoyar el papel significativo que las pequeñas empresas desempeñan en la economía de EE. UU.

프로그레시브 보험은 헬로 앨리스와 협력하여 2024년 Driving Small Business Forward 보조금 프로그램 수혜자를 발표했습니다. 20명의 소기업 소유자가 각자 $50,000 보조금을 받아 비즈니스용 상업용 차량 구매에 사용할 수 있습니다. 이 프로그램은 기업가들이 운송 필요에 대한 자본 접근을 개선하여 지원하는 것을 목표로 합니다.

수혜자는 지역 사회에 미치는 비즈니스의 영향을 기반으로 선정되었습니다. 또한 헬로 앨리스의 비즈니스 코칭 프로그램인 Boost Camp에 참여할 기회를 갖게 됩니다. 이 이니셔티브는 비즈니스의 발전을 촉진하고 미국 경제에서 소기업이 수행하는 중요한 역할을 지원하겠다는 프로그레시브의 의지를 반영합니다.

Progressive Insurance, en collaboration avec Hello Alice, a annoncé les bénéficiaires du programme de subventions Driving Small Business Forward pour 2024. 20 propriétaires de petites entreprises recevront chacun une subvention de 50 000 $ à utiliser pour l'achat d'un véhicule utilitaire pour leur entreprise. Le programme vise à soutenir les entrepreneurs en améliorant l'accès au capital pour les besoins de transport.

Les bénéficiaires ont été sélectionnés en fonction de l'impact de leur entreprise sur les communautés locales. Ils auront également l'opportunité de participer au Boost Camp, un programme de coaching pour entreprises de Hello Alice. Cette initiative reflète l'engagement de Progressive à favoriser le progrès dans le monde des affaires et à soutenir le rôle important que jouent les petites entreprises dans l'économie américaine.

Progressive Insurance hat in Zusammenarbeit mit Hello Alice die Empfänger des Förderprogramms Driving Small Business Forward für 2024 bekannt gegeben. 20 Kleinunternehmer erhalten jeweils eine Förderung von 50.000 $, die sie für den Kauf eines Nutzfahrzeugs für ihr Unternehmen verwenden können. Das Programm zielt darauf ab, Unternehmer zu unterstützen, indem der Zugang zu Kapital für Transportbedürfnisse verbessert wird.

Die Empfänger wurden auf der Grundlage der Auswirkungen ihres Unternehmens auf die lokalen Gemeinschaften ausgewählt. Sie haben auch die Möglichkeit, am Boost Camp, einem Coaching-Programm von Hello Alice, teilzunehmen. Diese Initiative spiegelt das Engagement von Progressive wider, Fortschritt im Geschäft zu fördern und die bedeutende Rolle von Kleinunternehmen in der US-Wirtschaft zu unterstützen.

Positive
  • Progressive Insurance awarded $1 million in grants to small business owners
  • 20 recipients will receive $50,000 each for purchasing commercial vehicles
  • Grant recipients gain access to Hello Alice's Boost Camp business coaching program
  • The program supports small businesses, which represent 99.9% of all U.S. businesses
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  • None.

20 recipients will receive funds which can be used toward the purchase of a commercial vehicle for their business and access to programs that help drive business growth

MAYFIELD VILLAGE, Ohio, Sept. 9, 2024 /PRNewswire/ -- Progressive Insurance®, the leading commercial auto insurer in the United States, today announced the 2024 recipients of the brand's Driving Small Business Forward grant program in collaboration with Hello Alice in support of small business owners. Each of the 20 recipients will be awarded a $50,000 grant to use toward the purchase of a commercial vehicle for their business. Some of the 20 recipients' reactions were captured during the announcement, demonstrating the life-changing impact of this program.

Behind the scenes look

According to the Small Business Administration, over 33 million firms qualify as a small business, representing 99.9% of all U.S. businesses. This number reflects the significant role small businesses play in generating employment and contributing to economic stability. Progressive fosters progress in business by continuing its commitment to supporting owners and helping them move forward and live fully by offering improved access to capital to fund some of their transportation needs.

"At Progressive, we recognize the small business owners who work so hard to make meaningful contributions to our society yet face many challenges when it comes to access to capital," said Karen Bailo, Commercial Lines President at Progressive Insurance. "For the last three years, the Driving Small Business Forward grant program is one of the ways we've been supporting entrepreneurs on their small business journey, and we are proud to continue facilitating progress in business as part of our belief that insurance should do more."

To administer the grant program, Progressive worked with Hello Alice, the financial technology platform connecting over 1.5 million small businesses to capital, connections, and opportunities.

The full list of recipients for the 2024 Driving Small Business Forward grant program are:

Meet a few of our 2024 grant recipients.

Selected recipients submitted applications highlighting the impact their business has on the local community. Erica Cole is the owner of No Limbits in Saint Louis, MO and leads a team of people with disabilities creating products to help those with disabilities live life without limits.

"I am so thrilled to have been selected for this grant as it will allow us to engage even more with the disability community," said Erica Cole, owner of No Limbits. "We plan to use this grant to purchase a commercial vehicle to host pop-up events at our retailers, clinical partners and adaptive community events to reach customers in a fun and authentic way."

Another applicant, Dermot Jones, Owner of Jones Family Bee Removal in Seaside, CA has dedicated his company to spreading awareness about the importance of bees and their role in our ecosystem.

"Small businesses are the heart of this country, but it's become increasingly difficult for them to operate and scale with the challenges today's economic environment presents. Hello Alice has helped many of these small business owners' access much needed capital, credit, and opportunities to thrive and support their communities," said Carolyn Rodz, CEO & Co-Founder of Hello Alice. "We're proud to work with Progressive on this important grant program and continue championing small businesses."

To learn more about each recipient, visit https://helloalice.com/grants/progressive/.

In addition to receiving a grant toward the purchase of a commercial vehicle, recipients will have the opportunity to participate in Boost Camp, a business coaching program from Hello Alice that instills repeatable annual frameworks that focus on core concepts for business growth including financial budgeting and forecasting, funding and pitch strategies, sales and customer acquisition. 

About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

About Hello Alice

Hello Alice is a financial technology platform serving more than 1.5 million small business owners in all fifty states. Hello Alice is committed to equitable access to capital and to supporting any entrepreneur with a good idea. Hello Alice offers funding, education, tools, and curated opportunities. Working with enterprise business services, ecosystem partners, affiliates, and government agencies, Hello Alice provides its growing community with everything they need to grow their businesses. To learn more, visit www.helloalice.com, as well as Twitter, LinkedIn, Instagram, and Facebook.

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SOURCE Progressive Insurance

FAQ

How much did Progressive Insurance award in total for the Driving Small Business Forward grant program in 2024?

Progressive Insurance awarded a total of $1 million for the Driving Small Business Forward grant program in 2024.

How many recipients were selected for Progressive's (PGR) small business grant program in 2024?

20 recipients were selected for Progressive's small business grant program in 2024.

What is the value of each grant awarded by Progressive Insurance (PGR) in the 2024 Driving Small Business Forward program?

Each grant awarded by Progressive Insurance in the 2024 Driving Small Business Forward program is valued at $50,000.

What can the recipients use the Progressive Insurance (PGR) grant money for in 2024?

The recipients can use the Progressive Insurance grant money toward the purchase of a commercial vehicle for their business.

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