Latest news with #LISC
Axios
20-05-2025
- Business
- Axios
Verizon announces a $5B commitment to support small businesses
Small businesses fuel the U.S. economy — and a new investment aims to supercharge their role in it. Verizon just announced a commitment to invest $5 billion over the next five years in U.S. small business suppliers with the launch of its new Small Business Supplier Accelerator. What you need to know: The program helps create a pipeline for American small businesses, many of which are owned by veterans, to work with Verizon and other large corporations. The strategy: This program is designed to strengthen small businesses — the backbone of the U.S. economy — and to help the country create a more resilient supply chain. The Verizon Small Business Supplier Accelerator builds on the comprehensive support that Verizon has provided to small businesses and the communities they serve for years. On top of the $5 billion in supplier spend, the program aims to empower American small businesses to work with Verizon and other large corporations through targeted training and flexible solutions such as: Faster payment terms. Modified insurance requirements. Adjusted indemnification requirements. The goal: To make it easier for small businesses to join Verizon's supplier network or the network of other large companies. "Verizon recognizes that small businesses are the backbone of the American economy and a staple in our local communities," said Hans Vestberg, CEO, Verizon. "Our long-standing commitment and investment in small businesses aims to empower local businesses and communities with financial, technology and business expertise and resources to advance economic growth and foster job creation." Helping over 460,000 small businesses succeed Verizon is further fueling small businesses through its Small Business Digital Ready program, a free online program offering small businesses nationwide the opportunity to access: Over 50 expert on-demand courses curated by and for small businesses. 1:1 expert coaching. Online and in-person networking opportunities. Curated loans and grants. In partnership with the nonprofit LISC, Verizon recently announced another Small Business Digital Ready grant opportunity where eligible small businesses who are Digital Ready members (and complete two resources) can apply for $10,000 grants (open until June 30, 2025, at 11:59 pm PT). Since 2021, Verizon has awarded $13.5 million in grants to support small businesses. Verizon has supported nearly half a million small businesses through Small Business Digital Ready since 2021, almost halfway to the company's goal to equip one million small businesses with the skills and resources they need to thrive in the digital economy by 2030. The takeaway: Verizon offers a comprehensive commitment to small businesses that extends beyond a financial investment, aiming to equip these vital economic drivers with the tools and resources small businesses need to grow and protect their businesses using technology.
Associated Press
15-05-2025
- Business
- Associated Press
Verizon Announces a $5B Commitment To Continue Investing in America and Supporting Small Businesses
What you need to know: NEW YORK, May 14, 2025 /3BL/ - Verizon today announced a commitment to invest $5 billion over the next five years in US small business suppliers with the launch of its new Small Business Supplier Accelerator. The program helps create a pipeline for American small businesses, many of which are owned by veterans, to work with Verizon and other large corporations. This program is designed to strengthen small businesses — the backbone of the US economy — and to help the country create a more resilient supply chain. The Verizon Small Business Supplier Accelerator builds on the comprehensive support that Verizon has provided to small businesses and the communities they serve for years. On top of the $5B in supplier spend, the program aims to empower American small businesses to work with Verizon and other large corporations through targeted training and flexible solutions such as faster payment terms, modified insurance requirements and adjusted indemnification requirements. The goal is to make it easier for small businesses to join Verizon's supplier network. 'Verizon recognizes that small businesses are the backbone of the American economy and a staple in our local communities,' said Hans Vestberg, CEO, Verizon. 'Our long-standing commitment and investment in small businesses aims to empower local businesses and communities with financial, technology and business expertise and resources to advance economic growth and foster job creation.' Keeping nearly 500,000 SMBs digitally readyVerizon is further fueling small businesses through its Small Business Digital Ready program, a free online program offering small businesses nationwide the opportunity to access over 50 expert on-demand courses curated by and for small businesses; 1:1 expert coaching, online and in-person networking opportunities and access to capital. In partnership with LISC, Verizon Small Business Digital Ready today announces another Small Business Digital Ready grant opportunity where eligible small businesses who are Digital Ready members (and complete two resources) can apply for $10,000 grants (open until June 30, 2025, at 11:59 pm PT). Since 2021, Verizon has awarded $13.5 million in grants to support small businesses. Verizon has supported nearly half a million small businesses through Small Business Digital Ready since 2021, almost halfway to the company's goal to equip one million small businesses with the skills and resources they need to thrive in the digital economy by 2030. Verizon offers a comprehensive commitment to small businesses that extends beyond a financial investment, aiming to equip these vital economic drivers with the tools and resources small businesses need to grow and protect their businesses using technology. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media Contact:Hope Armanus [email protected] 6469834148 Visit 3BL Media to see more multimedia and stories from Verizon
Phone Arena
14-05-2025
- Business
- Phone Arena
Verizon just pledged $5 billion to change how small businesses grow
Verizon isn't slowing down when it comes to supporting small businesses in the US. After launching the industry's first GenAI Assistant for small companies and partnering with global players – including a satellite provider – to boost IoT connectivity, the carrier is back with even more news. This time, Verizon is committing a massive $5 billion over the next five years to invest in US small business suppliers. The new initiative, called the Small Business Supplier Accelerator, is designed to help veteran-owned and other American small businesses get into Verizon 's supplier network and partner with other big companies, too. The Accelerator builds on Verizon 's long-standing support for small businesses and their communities. Beyond just spending $5B, the program also includes training and support tailored for small businesses – things like faster payment terms, reduced insurance requirements and more flexible contracts. The whole point is to make it easier for small businesses to compete and grow by working directly with large corporations. – Hans Vestberg, CEO, Verizon , May 13, 2025 On top of that, Verizon is continuing to support its Small Business Digital Ready program – a free online platform that gives small businesses access to over 50 on-demand expert-led courses, personalized coaching, networking opportunities and funding options. And yes, that includes another round of Small Business Digital Ready grants. In partnership with LISC (Local Initiatives Support Corporation), small businesses that are Digital Ready members and complete at least two resources can apply for a $10,000 grant. The deadline is June 30, 2025, at 11:59 pm PT. Since 2021, Verizon has given out $13.5 million in grants and supported nearly 500,000 small businesses through its Digital Ready program – already getting closer to its goal of reaching one million small businesses by 2030. At the end of the day, Verizon 's efforts go well beyond just money. The company is focused on giving small businesses the tools, training and tech they need to grow, adapt and stay competitive in today's digital world.
Yahoo
13-05-2025
- Business
- Yahoo
Verizon announces a $5B commitment to continue investing in America and supporting small businesses
What you need to know: Verizon announces a substantial $5 billion commitment over the next five years with the launch of a new Small Business Supplier Accelerator. Verizon Small Business Digital Ready launched a new grant cycle where eligible small businesses can apply for $10,000 grants (open until June 30, 2025). NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Verizon today announced a commitment to invest $5 billion over the next five years in US small business suppliers with the launch of its new Small Business Supplier Accelerator. The program helps create a pipeline for American small businesses, many of which are owned by veterans, to work with Verizon and other large corporations. This program is designed to strengthen small businesses — the backbone of the US economy — and to help the country create a more resilient supply chain. The Verizon Small Business Supplier Accelerator builds on the comprehensive support that Verizon has provided to small businesses and the communities they serve for years. On top of the $5B in supplier spend, the program aims to empower American small businesses to work with Verizon and other large corporations through targeted training and flexible solutions such as faster payment terms, modified insurance requirements and adjusted indemnification requirements. The goal is to make it easier for small businesses to join Verizon's supplier network. 'Verizon recognizes that small businesses are the backbone of the American economy and a staple in our local communities,' said Hans Vestberg, CEO, Verizon. 'Our long-standing commitment and investment in small businesses aims to empower local businesses and communities with financial, technology and business expertise and resources to advance economic growth and foster job creation.' Keeping nearly 500,000 SMBs digitally readyVerizon is further fueling small businesses through its Small Business Digital Ready program, a free online program offering small businesses nationwide the opportunity to access over 50 expert on-demand courses curated by and for small businesses; 1:1 expert coaching, online and in-person networking opportunities and access to capital. In partnership with LISC, Verizon Small Business Digital Ready today announces another Small Business Digital Ready grant opportunity where eligible small businesses who are Digital Ready members (and complete two resources) can apply for $10,000 grants (open until June 30, 2025, at 11:59 pm PT). Since 2021, Verizon has awarded $13.5 million in grants to support small businesses. Verizon has supported nearly half a million small businesses through Small Business Digital Ready since 2021, almost halfway to the company's goal to equip one million small businesses with the skills and resources they need to thrive in the digital economy by 2030. Verizon offers a comprehensive commitment to small businesses that extends beyond a financial investment, aiming to equip these vital economic drivers with the tools and resources small businesses need to grow and protect their businesses using technology. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media Contact:Hope 6469834148Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Verizon announces a $5B commitment to continue investing in America and supporting small businesses
What you need to know: Verizon announces a substantial $5 billion commitment over the next five years with the launch of a new Small Business Supplier Accelerator. Verizon Small Business Digital Ready launched a new grant cycle where eligible small businesses can apply for $10,000 grants (open until June 30, 2025). NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Verizon today announced a commitment to invest $5 billion over the next five years in US small business suppliers with the launch of its new Small Business Supplier Accelerator. The program helps create a pipeline for American small businesses, many of which are owned by veterans, to work with Verizon and other large corporations. This program is designed to strengthen small businesses — the backbone of the US economy — and to help the country create a more resilient supply chain. The Verizon Small Business Supplier Accelerator builds on the comprehensive support that Verizon has provided to small businesses and the communities they serve for years. On top of the $5B in supplier spend, the program aims to empower American small businesses to work with Verizon and other large corporations through targeted training and flexible solutions such as faster payment terms, modified insurance requirements and adjusted indemnification requirements. The goal is to make it easier for small businesses to join Verizon's supplier network. 'Verizon recognizes that small businesses are the backbone of the American economy and a staple in our local communities,' said Hans Vestberg, CEO, Verizon. 'Our long-standing commitment and investment in small businesses aims to empower local businesses and communities with financial, technology and business expertise and resources to advance economic growth and foster job creation.' Keeping nearly 500,000 SMBs digitally readyVerizon is further fueling small businesses through its Small Business Digital Ready program, a free online program offering small businesses nationwide the opportunity to access over 50 expert on-demand courses curated by and for small businesses; 1:1 expert coaching, online and in-person networking opportunities and access to capital. In partnership with LISC, Verizon Small Business Digital Ready today announces another Small Business Digital Ready grant opportunity where eligible small businesses who are Digital Ready members (and complete two resources) can apply for $10,000 grants (open until June 30, 2025, at 11:59 pm PT). Since 2021, Verizon has awarded $13.5 million in grants to support small businesses. Verizon has supported nearly half a million small businesses through Small Business Digital Ready since 2021, almost halfway to the company's goal to equip one million small businesses with the skills and resources they need to thrive in the digital economy by 2030. Verizon offers a comprehensive commitment to small businesses that extends beyond a financial investment, aiming to equip these vital economic drivers with the tools and resources small businesses need to grow and protect their businesses using technology. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media Contact:Hope 6469834148Sign in to access your portfolio
