Verizon Small Business Digital Ready opens new round of grant funding

Rhea-AI Summary

Verizon has launched a $500,000 grant opportunity for small businesses through its Small Business Digital Ready program, with each grant worth $10,000. This initiative, available from March 1 to May 12, 2023, focuses on providing essential online resources, mentorship, and training to help diverse and under-resourced business owners thrive in the digital economy. Interested businesses must register on the platform and complete two required activities to qualify for the grant. Verizon aims to support 1 million small businesses by 2030 under its responsible business plan, Citizen Verizon.

Positive

• Launch of a $500,000 grant funding opportunity for small businesses.
• Each grant worth $10,000 can significantly aid small business marketing and operations.
• Access to over 40 free courses and mentorship, enhancing business skills.
• Focus on supporting diverse and under-resourced business owners.
• Part of Verizon's goal to assist 1 million small businesses by 2030.

Negative

• None.

Small businesses can access free valuable resources as well as apply to receive a $10,000 grant

BASKING RIDGE, N.J., March 01, 2023 (GLOBE NEWSWIRE) -- Today, Verizon announced that a new grant funding opportunity for small businesses, totaling $500,000, is now available via Verizon Small Business Digital Ready. In partnership with partners Next Street and LISC, the Verizon Small Business Digital Ready online resource is designed to give small businesses the tools they need to thrive in today’s digital economy. Small businesses can access, for free, personalized learning through over 40 courses, mentorship, peer networking, 1:1 expert coaching and incentives such as grant funding.

“Small businesses are the backbone of our communities,” said Rose Stuckey Kirk, Chief Corporate Social Responsibility Officer at Verizon. “We developed the Verizon Small Business Digital Ready portal to give small businesses tools and resources that can help them succeed and, ultimately, help benefit their local economies.”

The Verizon Small Business Digital Ready portal was created with and for small businesses, with a specific focus on helping diverse and under-resourced business owners. Starting today, March 1, until May 12, 2023, small businesses can unlock the application for this round of grant funding by first registering on Verizon Small Business Digital Ready, available at www.verizon.com/smallbusinessdigitalready, and completing at least two of the following, in any combination: courses, live coaching or community events. Small businesses that complete the application will be eligible to receive a $10,000 grant.

“We had taken a Verizon Small Business Digital Ready course on social media and wanted to invest in digital marketing. And we were fortunate to receive a Verizon Small Business Digital Ready grant,” said Joe Alvarez, co-founder of iCareClean. “With the grant funds, we funded marketing projects and placed ads in online search results and on social media, all of which have significantly helped our sales efforts.”

Verizon Small Business Digital Ready includes courses designed to provide essential knowledge and tools, including topics such as developing a marketing strategy, marketing with influencers, creating a content calendar, and the basics of building your business website. The free portal also includes access to mentorship, providing small business owners with the opportunity to obtain ongoing advice and support from experienced professionals who can help them overcome business challenges. Spanish language course offerings, coaching from experts and community events are also available.

This initiative is part of Verizon’s goal to support 1M small businesses by 2030 with the resources to thrive in the digital economy as part of its responsible business plan, Citizen Verizon. Visit CitizenVerizon.com to learn more about the company’s responsible business efforts.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

Citizen Verizon is the company’s responsible business plan for economic, environmental and social advancement. Citizen Verizon empowers Verizon to deliver on its mission to move the world forward through action by expanding digital access and resources, protecting the climate, and ensuring people have the skills needed for jobs of the future. Through Citizen Verizon, and the key pillars of Digital Inclusion, Climate Protection and Human Prosperity, the company's responsible business goals include providing 10 million youths with digital skills training by 2030, supporting 1 million small businesses with resources to help them thrive in the digital economy by 2030, achieving net zero emissions in its operations by 2035, and preparing 500,000 individuals for jobs of the future by 2030. Learn more at CitizenVerizon.com.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Bernadette Brijlall
bernadette.brijlall@verizon.com

Herbert Nyarko
herbert.aidoo-nyarko@verizon.com

FAQ

What is the Verizon Small Business Digital Ready grant program?

It's a program that offers a total of $500,000 in grants for small businesses, with each grant worth $10,000.

How can small businesses apply for the $10,000 grant from Verizon?

Small businesses must register on the Verizon Small Business Digital Ready portal and complete two activities to unlock the grant application.

What is the timeline for applying to the Verizon grant program?

The application period runs from March 1 to May 12, 2023.

How does the Verizon Small Business Digital Ready program support small businesses?

The program provides free online resources, mentorship, and over 40 courses tailored to help small businesses succeed in the digital economy.

What is Verizon's goal regarding small businesses by 2030?

Verizon aims to support 1 million small businesses with resources to thrive in the digital economy by 2030.