FedEx Corp has kick-started its 12th annual Small Business Grants Program. This initiative is aimed at uplifting small businesses while also providing a boost to the U.S. economy. The grant program is set to distribute over $230,000 in cash and prizes.
The competition, which runs from March 1, to April 1, 2024, is open to U.S.-based small businesses. The winners will be announced on May 16, 2024. This exciting opportunity allows small businesses to showcase innovative ideas and business models.
Since 2012, the Small Business Grants Program has continually supported small businesses, helping them to expand and reach their business goals. It has also facilitated a conducive environment for innovation, providing transformative possibilities for many enterprises aiming to assert their presence in the marketplace.
Prizes for the awards include a cash prize of $50,000 for the grand prize winner and $20,000 for nine others. Other awards involve credit for FedEx office services, My FedEx Rewards vouchers and exclusive access to top-tier customer service. Winners will also receive sustainable packaging advice and exposure on the FedEx Small Business Center website.
To qualify for the program, businesses must have been operational for at least six months and owned a FedEx account before September 1, 2023. A strong application will detail a solid strategy for grant utilization, a captivating business journey narrative and illustrate the enterprise’s relationship with FedEx. Moreover, the organization hopes to see applicants demonstrate their financial need and commitment to sustainable practices.
Since the program began, it has engaged with 77,000 U.S. businesses and disbursed over $2 million in cash and benefits. By providing both practical and financial support to small businesses, FedEx has demonstrated a concrete commitment to aiding business growth and prosperity in the country.
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