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Verizon Small Business Recovery Fund (Grants)

About the Program

Nonprofit organization, Local Initiatives Support Corporation, received a $2.5 million investment from Verizon that will be used to offer grants of up to $10,000 to help small businesses fill urgent financial gaps until they can resume normal operations or until more permanent financing becomes available. The first round of grant applications were collected from March 25th – April 4th, with a second round to be released mid-April. Applications will be reviewed and then entered into a lottery.

 

Eligibility

LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure from COVID-19, especially:

  • Entrepreneurs of color
  • Women-owned businesses
  • Other enterprises in historically underserved communities who do not have access to flexible, affordable capital

 

Use of Funds

Funds can be used for paying rent and utilities, meeting payroll, paying outstanding debt to vendors and other immediate operational costs.

 

Other information

 

Verizon Grant Application

The first round of grant applications has closed. Interested applicants can register at the following link to be notified of the second round beginning mid-April: https://confirmsubscription.com/h/r/6FF3E206B37FBDE42540EF23F30FEDED. The grant application consists of 30 questions, primarily multiple choice requiring a single answer or short responses. A sample copy of the application is not available at this time.

 

 

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