Discover how Verizon's Small Business Digital Expansion Grant helps underserved companies grow with $10,000 funding, free training, expert mentorship, and vital resources. Learn application tips and eligibility criteria to boost your chances of success. Perfect for small businesses seeking digital growth assistance.

Verizon's Small Business Digital Expansion Grant Program Overview

Verizon Communications Inc., a global leader in telecommunications, has launched a new funding initiative through the Verizon Small Business Digital Ready program. Partnering with organizations like Local Initiatives Support Corporation (LISC), this program aims to provide small businesses with vital resources to expand digitally. Below are key aspects of this supportive initiative.

Highlights of the Verizon Digital Growth Program

Customized access to over 40 online training sessions
Small businesses can participate in tailored courses focused on essential growth skills, including marketing, social media, HR management, and cybersecurity.

Professional mentorship options Verizon offers free guidance from industry experts to help entrepreneurs navigate challenges and strengthen their market position.

Enhanced resources and innovative tools The platform has been upgraded with new articles, short videos, and audio content to boost user engagement and ease of access.

Grant application details From October 12 to December 20, eligible small businesses can apply for grants of $10,000. Applicants must register on the Verizon Digital Ready portal and complete at least two of three activities: training, coaching, or community involvement.

No-cost support The program provides free training and resources to help small businesses optimize their investments for growth.

Eligibility criteria Small businesses must complete a minimum of two activities and submit an application. Preference is given to underserved communities. Non-profits are not eligible, and only one application per business is permitted. Applicants must be at least 18, submit complete applications, and await notification.

Selection process Successful applicants will be contacted via email by LISC. Failure to respond may result in disqualification and offer opportunity for replacement.

Application advice Verify eligibility beforehand, comply with legal requirements, conduct regular audits, focus on direct costs (85%), and itemize IT assets if costs exceed 20% of the budget.

Additional notes Verizon also supports digital skills development for K-12 education, excluding hardware unless authorized. Funding may be declined for certain organizations such as private charities, religious groups not serving the wider community, political groups, or those receiving grants annually without gaps.

Review all eligibility requirements and guidelines carefully to increase your chances of receiving support through the Verizon Digital Growth Grant.

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