TD Awards $4 Million to U.S. Nonprofit Organizations Supporting Small Business Owners
TD Bank has announced four recipients of the 2024 TD Ready Challenge grants, each receiving $1 million to support underserved small business owners. The recipients include:
- Hot Bread Kitchen in New York City, focusing on food entrepreneurship programs
- PA CDFI providing technology and coaching with emphasis on capital access
- Tampa Bay Chamber Foundation offering accelerator training and AI tools for minority-owned businesses
- Washington Area Community Investment Funds providing coaching and financial services
The initiative aims to address barriers for underserved entrepreneurs, particularly focusing on low-to-moderate-income small business owners. This year's challenge specifically targets support for underserved small business owners through innovative solutions that help develop, launch, and grow their businesses.
TD Bank ha annunciato quattro beneficiari dei grant TD Ready Challenge 2024, ognuno dei quali riceverà 1 milione di dollari per supportare i proprietari di piccole imprese svantaggiati. I beneficiari includono:
- Hot Bread Kitchen a New York City, che si concentra su programmi di imprenditorialità alimentare
- PA CDFI che fornisce tecnologia e coaching con un'enfasi sull'accesso al capitale
- Tampa Bay Chamber Foundation che offre formazione per acceleratori e strumenti di intelligenza artificiale per le imprese di proprietà minoritaria
- Washington Area Community Investment Funds che offre coaching e servizi finanziari
L'iniziativa mira ad affrontare le barriere per gli imprenditori svantaggiati, concentrandosi in particolare sui proprietari di piccole imprese a basso e medio reddito. La sfida di quest'anno si concentra specificamente sul supporto ai proprietari di piccole imprese svantaggiati attraverso soluzioni innovative che aiutano a sviluppare, lanciare e far crescere le loro attività.
TD Bank ha anunciado cuatro beneficiarios de las subvenciones TD Ready Challenge 2024, cada uno recibiendo 1 millón de dólares para apoyar a los propietarios de pequeñas empresas desatendidas. Los beneficiarios incluyen:
- Hot Bread Kitchen en la ciudad de Nueva York, enfocado en programas de emprendimiento alimentario
- PA CDFI que proporciona tecnología y asesoramiento con énfasis en el acceso al capital
- Tampa Bay Chamber Foundation que ofrece capacitación para aceleradores y herramientas de inteligencia artificial para empresas de propiedad minoritaria
- Washington Area Community Investment Funds que proporciona asesoramiento y servicios financieros
La iniciativa tiene como objetivo abordar las barreras para los emprendedores desatendidos, centrándose particularmente en los propietarios de pequeñas empresas de bajos y medianos ingresos. El desafío de este año se dirige específicamente a apoyar a los propietarios de pequeñas empresas desatendidas a través de soluciones innovadoras que ayudan a desarrollar, lanzar y hacer crecer sus negocios.
TD Bank는 2024 TD Ready Challenge 보조금의 수혜자 네 명을 발표했습니다. 각 수혜자는 소외된 소상공인 지원을 위해 100만 달러를 받게 됩니다. 수혜자 목록은 다음과 같습니다:
- Hot Bread Kitchen - 뉴욕시에서 음식 창업 프로그램에 중점을 두고 있습니다.
- PA CDFI - 자본 접근에 중점을 두고 기술과 코칭을 제공합니다.
- Tampa Bay Chamber Foundation - 소수 민족 소유 기업을 위한 가속기 교육 및 AI 도구를 제공합니다.
- Washington Area Community Investment Funds - 코칭 및 금융 서비스를 제공합니다.
이 이니셔티브는 소외된 기업가를 위한 장벽을 해결하는 것을 목표로 하며, 특히 저소득 및 중간 소득의 소상공인을 중점적으로 지원합니다. 올해의 도전은 혁신적인 솔루션을 통해 소외된 소상공인을 지원하는 데 중점을 두고 있으며, 이 솔루션은 그들의 비즈니스를 개발, 시작 및 성장시키는 데 도움을 줍니다.
TD Bank a annoncé quatre bénéficiaires des subventions TD Ready Challenge 2024, chacun recevant 1 million de dollars pour soutenir les propriétaires de petites entreprises défavorisées. Les bénéficiaires incluent :
- Hot Bread Kitchen à New York, axé sur les programmes d'entrepreneuriat alimentaire
- PA CDFI fournissant technologie et coaching avec un accent sur l'accès au capital
- Tampa Bay Chamber Foundation offrant une formation d'accélérateur et des outils d'IA pour les entreprises détenues par des minorités
- Washington Area Community Investment Funds fournissant coaching et services financiers
L'initiative vise à surmonter les obstacles pour les entrepreneurs défavorisés, en se concentrant particulièrement sur les propriétaires de petites entreprises à faible et moyen revenu. Le défi de cette année cible spécifiquement le soutien aux propriétaires de petites entreprises défavorisées à travers des solutions innovantes qui aident à développer, lancer et faire croître leurs activités.
TD Bank hat vier Empfänger der TD Ready Challenge 2024 Stipendien bekannt gegeben, von denen jeder 1 Million Dollar erhält, um benachteiligte Kleinunternehmer zu unterstützen. Zu den Empfängern gehören:
- Hot Bread Kitchen in New York City, das sich auf Programme für Lebensmittelunternehmertum konzentriert
- PA CDFI, das Technologie und Coaching mit Schwerpunkt auf Kapitalzugang anbietet
- Tampa Bay Chamber Foundation, die Schulungen für Accelerator und KI-Tools für Unternehmen im Besitz von Minderheiten anbietet
- Washington Area Community Investment Funds, das Coaching und Finanzdienstleistungen bietet
Die Initiative zielt darauf ab, Barrieren für benachteiligte Unternehmer zu überwinden, insbesondere für Kleinunternehmer mit niedrigem bis mittlerem Einkommen. Die Herausforderung in diesem Jahr richtet sich speziell an die Unterstützung von benachteiligten Kleinunternehmern durch innovative Lösungen, die helfen, ihre Unternehmen zu entwickeln, zu starten und zu wachsen.
- Strategic investment in small business development through $4M grant allocation
- Focus on underserved markets and minority-owned businesses indicates potential for market expansion
- Implementation of innovative technology and AI tools for business growth
- None.
Recipients of the 2024 TD Ready Challenge grants each receive a
Each year, the TD Ready Challenge solicits eligible organizations to submit applications that offer solutions to a different problem statement, with this year's focus being on innovative solutions to support underserved small business owners. Today's grant recipients will each receive
-
Hot Bread Kitchen creates economic opportunity for vulnerable populations in
New York City through food entrepreneurship programs and support from seasoned business advisors; - PA CDFI will support underserved entrepreneurs through technology, coaching, and other tools with an emphasis on access to capital and business growth;
- Tampa Bay Chamber Foundation will provide tailored, accelerator training programs and AI tools to help minority-owned small business owners create sustainable growth;
- Washington Area Community Investment Funds will collaborate with Building Bridges Across the River to provide coaching and financial services to local small businesses.
"Small businesses serve as the heart of our communities, but in a rapidly evolving economic landscape, they face a myriad of challenges to remain competitive and grow their businesses," says Paige Carlson-Heim,
The 2024 TD Ready Challenge's focus on supporting underserved small business owners is an example of TD's efforts to invest in income stability by supporting training and skill building for small business owners and entrepreneurs. Solutions proposed by the 2024 recipients aim to address gaps in services and access for underserved entrepreneurs, including low-to moderate-income small business owners. In previous years, the TD Ready Challenge has focused on helping to address barriers to affordable housing, health care and income stability, and addressing pandemic-related learning loss.
Learn more about the 2024 U.S. TD Ready Challenge recipients and their winning submissions, described in their own words:
Hot Bread Kitchen | HBK Incubates: Building financial security for immigrant and women of color small food business owners in
"The HBK Incubates program provides holistic and coordinated support services for low- to moderate-income women of color in
Learn more about this organization
URL https://www.hotbreadkitchen.org
PA CDFI Network | Drive Your Business –
"PA CDFI Network's Drive Your Business program will help address gaps in services and reduce barriers faced by underserved entrepreneurs by combining technology, education, coaching and community collaboration."
Learn more about this organization
URL https://pacdfinetwork.org/
Tampa Bay Chamber Foundation | Empower Sustainability Focused Accelerator –
"To help enable continued growth for small minority-owned businesses, Tampa Bay Chamber Foundation's Empower Sustainability Focused Accelerator program will use an innovative approach to strategic planning and execution, and leverage automation tools."
Learn more about this organization
URL https://www.tampabaychamber.com/
Washington Area Community Investment Fund (WACIF)| Resilient Futures: Small Business Financial Wellness and Wealth Building Program –
"By combining an innovative financial product with specialized support for entrepreneurs that's sensitive to difficult financial situations, WACIF will be providing a first-of-its-kind initiative in the
Learn more about this organization
URL https://wacif.org/
To learn more about the TD Ready Challenge grant program and the 2024 U.S. grantee recipients, click here.
About The TD Ready Commitment
TD has a long-standing commitment to deliver on its purpose to enrich the lives of its customers, colleagues and communities. TD's corporate citizenship platform, the TD Ready Commitment, focuses community giving and colleague engagement in four areas that we call the Interconnected Drivers of Change: Financial Security, Vibrant Planet, Connected Communities and Better Health. Through the TD Ready Commitment, TD aspires to work with nonprofit and community-based organizations to help make a positive impact for the customers and communities we serve.
For further information about the TD Ready Commitment, click here.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the
TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250319184620/en/
Media Contact:
Natasha Brown
Corporate Communications Manager
TD Bank
Natasha.Brown@td.com
Source: TD Bank
FAQ
How much funding did TD allocate for the 2024 TD Ready Challenge grants?
Which organizations received the TD Ready Challenge grants in 2024?
What is the main focus of TD's 2024 Ready Challenge program?
How does Hot Bread Kitchen plan to use the TD grant funding?
