Introduction
In 2023, small businesses continue to face challenges due to the ongoing pandemic and economic uncertainties. However, there is a ray of hope for small business owners in the form of the LISC Small Business Grant program, in partnership with Verizon. This program aims to provide financial assistance and support to small businesses across the United States.
What is LISC?
LISC, or Local Initiatives Support Corporation, is a non-profit organization that focuses on community development and economic opportunities. LISC has been working tirelessly to support small businesses, especially those in underserved communities, by providing grants, loans, and technical assistance.
The Partnership with Verizon
Verizon, one of the leading telecommunication companies, has partnered with LISC to create the Small Business Grant program. Verizon recognizes the importance of small businesses in driving economic growth and wants to contribute to their success. Through this partnership, Verizon is providing funding to LISC, which is then distributed to eligible small businesses.
How Does the Grant Work?
The LISC Small Business Grant program provides financial assistance to small businesses that have been impacted by the pandemic. The grant can be used to cover various expenses, such as rent, utilities, payroll, inventory, and marketing. The amount of the grant varies depending on the size and needs of the business, with grants ranging from $5,000 to $20,000.
Eligibility Criteria
To be eligible for the LISC Small Business Grant, businesses must meet certain criteria. They should be small businesses with fewer than 50 employees, have a proven track record of at least three years, and demonstrate a need for financial assistance due to the pandemic. Priority is given to businesses owned by women, minorities, veterans, and those located in underserved communities.
The Application Process
Applying for the LISC Small Business Grant is a straightforward process. Small business owners can visit the LISC website or reach out to their local LISC office to access the online application. The application requires basic information about the business, financial statements, and a description of how the grant will be utilized. LISC reviews the applications and selects recipients based on their eligibility and the potential impact the grant can have on their business.
Benefits of the Grant
The LISC Small Business Grant provides several benefits to eligible businesses:
Financial Relief
The grant offers much-needed financial relief to small businesses, helping them cover essential expenses and stay afloat during challenging times. It provides a lifeline for businesses struggling to pay rent, utilities, and employees.
Business Growth
With the grant, small businesses have the opportunity to invest in marketing and advertising efforts, expand their inventory, or even hire additional staff. This can lead to increased visibility, customer engagement, and overall business growth.
Networking and Support
By being a part of the LISC Small Business Grant program, businesses gain access to a network of fellow small business owners. This network provides support, knowledge sharing, and potential collaborations, creating a stronger community of resilient entrepreneurs.
Conclusion
The LISC Small Business Grant program, in partnership with Verizon, is a beacon of hope for small businesses in 2023. It offers financial assistance, business growth opportunities, and a supportive community. If you are a small business owner in need, don’t miss the chance to apply for this grant and give your business the boost it deserves.
