Resources for women business owners
Verizon Small Business Recovery Fund
Through its partnership with the Local Initiatives Support Corporation, Verizon has created a $7.5 million grant program for small businesses in the U.S., with a focus on entrepreneurs of color, women and business owners from other historically underserved communities. The money will be distributed through a series of funding rounds, with applications open until 11:59 pm ET on May 20 for round three. Business owners must be at least 18 years old to apply and they will be eligible to receive up to $10,000 in grant money.
Hello Alice, a free multichannel platform that provides businesses with the resources needed to grow, has created a Covid-19 Business for All Emergency Grant fund that will offer $10,000 grants to small business owners impacted by the pandemic.
Stacy’s Rise Project
Stacy’s Pita Chips brand is awarding $10,000 grants to 15 female entrepreneurs who are in need of financial support for their business. In addition to receiving grant money, winners will also receive assistance with building ads for their company and receive virtual mentorship from PepsiCo/Frito-Lay leaders and other industry experts who can provide insight on how to grow a business. Applications for the program are open from now until June 1.
The Red Backpack Fund
Spanx founder Sara Blakely has partnered with the nonprofit organization GlobalGiving to start The Red Backpack Fund for women entrepreneurs who are impacted by Covid-19. The fund will award $5,000 grants to at least 1,000 women entrepreneurs in the U.S. Applications for the fund opened in April and will run through August 2020. Each month, 200 entrepreneurs will be selected to win the $5,000 grant as well as a free all-access pass to 80+ MasterClass sessions, including Blakely’s class on entrepreneurship.
Moms as Entrepreneurs
This fund is designed to help support those who have been shut out of government loans or other funding during the Covid-19 pandemic. Grants of $500-$1,000 will be given to mom-owned businesses in all industries, and applications will be accepted beginning May 18, 2020.
The Entrepreneurial Dream Project
Supermaker, a media company that provides content and community for startups and creative individuals, has started a $100,000 grant and mentorship program called The Entrepreneurial Dream Project to benefit new business owners who are trying to grow and build their company amid the pandemic. The goal of the fund is to inspire new entrepreneurs to keep going despite the coronavirus crisis. Two companies whose products were made publicly available in 2019 or later, will be selected to equally split the $100,000, while 10 other companies will receive mentoring from the Supermaker Mentor Network, which includes leaders like Mark Cuban and Rebecca Minkoff.
The Mom Project Stronger Together Fund
The Mom Project, a platform that connects employers to female candidates with a primary focus on helping moms re-enter the workforce, has started a $500,000 Stronger Together Fund. The fund, which is designed for “family friendly” businesses who need help during the pandemic, will be used to help employers pay for the salary of full-time employees or contractors.