{"id":1420,"date":"2020-05-15T20:40:53","date_gmt":"2020-05-16T00:40:53","guid":{"rendered":"http:\/\/www.mwbezone.com\/blog\/?p=414"},"modified":"2020-06-15T09:32:04","modified_gmt":"2020-06-15T13:32:04","slug":"verizon-awards-first-round-of-grants-to-small-buisneses","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/verizon-awards-first-round-of-grants-to-small-buisneses\/","title":{"rendered":"Verizon Awards First Round Of Grants To Small Buisneses"},"content":{"rendered":"<p>The COVID-19 pandemic seems to be wreaking havoc in every way, but especially economically. And small businesses are especially experiencing this, as many are struggling without the cash reserves that big businesses may have access to. And while the government included forgivable loans (like the <a href=\"https:\/\/www.grantnews.com\/paycheck-protection-program-ppp-faq\/\" target=\"_blank\" rel=\"noopener noreferrer\">Paycheck Protection Program<\/a>) in the CARES act, to help businesses, that funding seemed to not proportionally go to underserved communities. Another round of Paycheck Protection Program funding was recently passed, but obviously many small-medium sized businesses still need help. And so, recently, Verizon awarded 10k grants to almost 250 small businesses, in their first round of grant funding.<\/p>\n<p>These grant awards are especially important because of how they went to help minority and women-owned businesses, both of which have been traditionally underserved in funding.<img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.grantnews.com\/wp-content\/uploads\/2020\/05\/verizon-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1344\" \/><\/p>\n<p><strong>Here are the numbers:<\/strong><\/p>\n<p>Of these grant recipients, 62% of these businesses were owned by women, with 96% of small-business being minority-owned, 12% are owned by veterans, and 87% are located in distressed areas.<\/p>\n<p>These funds were actually given by Verizon to a nonprofit partner with a strong history of social responsibility, and disaster relief, namely the Local Initiatives Support Corporation (LISC).<\/p>\n<p><strong>Here\u2019s how the process worked:<\/strong><\/p>\n<p>55,000 applicants applied for this grant funding, with priority given to applicant businesses that were minority\/women\/veteran-owned, located in underserved locations, as well as by geographic location. The top 3,000 applicants were then entered into a lottery, and then semi-finalists were re-evaluated, and then the recipients were chosen based on that pool of applicants.<\/p>\n<p>Rose Stuckey Kirk, Verizon\u2019s Chief Corporate Social Responsibility Officer had this to say about the grants being awarded:<\/p>\n<blockquote><p>\u201cVerizon recognizes how valuable small businesses are and that the economic stability of our communities is based on their success, It\u2019s critical that we lean in and support these businesses so they can continue to sustain themselves during this unprecedented time of need.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The COVID-19 pandemic seems to be wreaking havoc in every way, but especially economically. And small businesses are especially experiencing<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[138],"tags":[],"class_list":["post-1420","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- 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Charlie Baker Announces Another Round of Small Business Grants","author":"Lianne Hikind","date":"February 1, 2021","format":false,"excerpt":"It's been a tough time for small businesses all over the country, and so many have been shuttered. Many governments have had to figure out solutions to help small business owners survive. Many of these governments have opened small business grant programs in their states. So many have had to\u2026","rel":"","context":"In &quot;Grants&quot;","block_context":{"text":"Grants","link":"https:\/\/www.grantwatch.com\/grantnews\/grants\/"},"img":{"alt_text":"business grant","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/businessgrant.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/businessgrant.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/businessgrant.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12113,"url":"https:\/\/www.grantwatch.com\/grantnews\/10-grants-for-small-businesses-part-2\/","url_meta":{"origin":1420,"position":1},"title":"10 Grants for Small Businesses: Part 2","author":"Lianne Hikind","date":"July 13, 2021","format":false,"excerpt":"As we said in our last small business grant article, many small businesses need help now. 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In Business Grants 101, you'll discover that business grants are one of the most attractive funding options available to entrepreneurs - especially startups - because they do not need to be repaid. That alone makes them a powerful financial resource\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Group of professionals in a meeting room gathered around a flip chart titled \u201cLearn How Business Grants Work.\u201d The chart reads \u201cBusiness Grants 101\u201d and displays colorful charts, a business plan diagram, and the GrantWatch logo circled in red, as one person presents and others listen attentively.","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/01\/178_img-950x650_12.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/01\/178_img-950x650_12.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/01\/178_img-950x650_12.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/01\/178_img-950x650_12.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":3666,"url":"https:\/\/www.grantwatch.com\/grantnews\/township-of-sharon-works-to-help-small-businesses-affected-by-covid-19\/","url_meta":{"origin":1420,"position":4},"title":"Township of Sharon Works To Help Small Businesses Affected by COVID-19","author":"Libby Hikind","date":"April 28, 2020","format":false,"excerpt":"The COVID-19 pandemic has caused a lot of havoc all over the world, and it seems that the economy is continuing to stagnate. Small businesses have been particularly affected because not only are many seeing lower sales, but many small businesses do not have the cash on hand to be\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"grants","src":"https:\/\/i0.wp.com\/www.grantnews.com\/wp-content\/uploads\/2020\/04\/AdobeStock_202853079-3-1024x683.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantnews.com\/wp-content\/uploads\/2020\/04\/AdobeStock_202853079-3-1024x683.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantnews.com\/wp-content\/uploads\/2020\/04\/AdobeStock_202853079-3-1024x683.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantnews.com\/wp-content\/uploads\/2020\/04\/AdobeStock_202853079-3-1024x683.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6244,"url":"https:\/\/www.grantwatch.com\/grantnews\/facebook-launches-grant-program-to-help-black-owned-businesses\/","url_meta":{"origin":1420,"position":5},"title":"Facebook Launches Grant Program To Help Black-Owned Businesses","author":"Lianne Hikind","date":"August 21, 2020","format":false,"excerpt":"Small businesses are struggling, all over the country, and over 100,000 have shuttered and closed down permanently. And while states are trying to figure out how to help, big companies like Facebook are also trying to provide relief. Early on in the pandemic, Facebook launched a small-businesses program, and now\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Money","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/money.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/money.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/money.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/money.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/1420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/comments?post=1420"}],"version-history":[{"count":1,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/1420\/revisions"}],"predecessor-version":[{"id":1421,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/1420\/revisions\/1421"}],"wp:attachment":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/media?parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/categories?post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/tags?post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}