How is Verizon helping small business?

Thanks to Verizon, small businesses now have a lifeline. … The company stepped up with a $7.5 million investment in LISC to launch the Verizon Small Business Recovery Fund, which provides grants of up to $10,000 to small businesses, particularly in historically underserved communities hit hard by the pandemic.

Does Verizon do donations?

Verizon matches donations from employees to most nonprofits including: … And nearly all other 501(c)(3) nonprofits (US) or organizations recognized as nonprofits by the an IRS equivalent organization (internationally)

How are small businesses benefiting from today’s technology?

Technology gives small businesses the ability to connect with their customers via e-mail, through blogs, social networks and forums. Small business owners can take advantage of this instant connection by getting feedback from customers and applying it to their businesses immediately, if they see fit.

Does Verizon donate to nonprofits?

Across the communities we serve, Verizon’s employees are engaged in supporting neighbors and building community capacity. They give generously of their time, talent and financial resources to nonprofit organizations.

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Is the LISC grant real?

National Grant Program

The nationally run LISC Small Business Relief Grants provided grants to small business owners. More than 6,000 entrepreneurs received grants totaling over $82 million during the COVID-19 pandemic to help them stay in business and continue to contribute to their local economies.

Does Verizon do sponsorships?

Verizon’s sponsorship properties include music, such as the Verizon Music Festival; sports, including the USA Luge Association, the United States Bobsled and Skeleton Foundation, and USA Track & Field; properties, such as the Olympic Regional Development Authority in Lake Placid, N.Y., and media sponsorships, such as …

What has Verizon done for the community?

Verizon has supported nonprofits working to prevent domestic violence and serve the vital needs of women, families and children. Through its HopeLine program, Verizon collected hundreds of used cell phones and donated them to victims of domestic violence.

What are 3 benefits of technology for small businesses?

Here are some benefits of technology solutions for business.

  • Improved Business Agility. …
  • Improved Staff Coordination and Collaboration. …
  • Automation and Productivity. …
  • Increased Revenue Streams. …
  • Better Storage Solutions. …
  • Financial Savings. …
  • Improved Data Security. …
  • Better Customer Experience.

What are the roles of technology in small business?

Small businesses rely on technology as it helps them to operate daily. Technology helping businesses in many ways, such as it is providing capital to aid firms for expansion and investment. It is possible by leveraging new technology for a hassle-free process to get money.

How technology has helped during Covid?

Majorities say texts or group messaging apps, voice and video calls have helped them at least a little to stay connected to family and friends. For some, technology became a way to stay in touch with others whom they could not visit in person since the pandemic began.

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Does Verizon donate to schools?

The Verizon Foundation has launched its annual Tools for School campaign to collect back-to-school supplies to assist schools and nonprofit organizations. The supplies include new pens, pencils, rulers, crayons, backpacks and other items children need to start the school year.

Does Verizon offer scholarships?

Verizon’s scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for students who are attending or plan to attend an accredited four-year institution. Each scholarship is renewable for three years and has a total value of $20,000.

Does Verizon have a foundation?

Read news about giving, grants and programs funded through the Verizon Foundation. Learn about Verizon’s latest support for disaster relief efforts and Citizen Verizon initiatives such as Verizon Innovative Learning, helps bring tech education to under-resourced students.

Who is eligible for LISC grant?

Who is eligible? We will support small businesses and enterprises affected the Covid-19 across the country, especially those in underserved communities, including entrepreneurs of color, women- and veteran-owned businesses that often lack access to flexible, affordable capital.

What does LISC grant stand for?

Local Initiatives Support Corporation (LISC)

Is LISC grant taxable income?

Does anything need to be repaid? No, these grants do not need to be repaid. However, all taxes associated with the acceptance and/or uses of cash awarded are the sole responsibility of the individual grantee. Cash awarded will be reported by LISC to the IRS as LISC deems necessary according to applicable law.