LivingSocial and Chase offer grants to help small businesses
May 08, 2012
Financial institution Chase and daily deal website LivingSocial recently announced they plan to extend as many as 12 $250,000 grants to U.S. small businesses. The grant program, called "Mission: Small Business," aims to help entrepreneurs and independent company owners get the capital they need to finance their firms and develop marketing plans.
"Small businesses are invaluable to the growth of our economy," said Richard Quigley, president of Chase Business Card. "The program aims to find innovative small business owners and provide them with the capital to help execute a business plan for growth."
LivingSocial plans to help these companies by providing opportunities for them to spark interest within their communities and make connections with customers, the site's CEO and co-founder Tim O'Shaughnessy told the source.
Businesses can participate for their chance to win one of the grants if they have been in operation for at least two years and employ fewer than 100 workers. When owners or managers visit missionsmallbusiness.com, they will be asked to explain why their businesses are unique and how they will use the grants to grow their operations.
This program represents the growing trend of corporations and organizations that are turning to online fundraising
strategies to provide eligible participants with opportunities to apply for funding.