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eBay Launches 5th Annual Up & Running Grants Program, Awarding $500,000 to Small Businesses50 U.S. eBay sellers will each receive a $10,000 grant to boost their businesses, plus technology to fuel growth SAN JOSE, Calif., April 25, 2024 /PRNewswire/ -- Today, eBay is launching its 5th annual Up & Running Grants program — a series of annual grants that reward 50 U.S. eBay sellers with tools and resources to grow their small businesses. In addition to a $10,000 reward, eBay is offering recipients a stipend worth $500 each, which sellers can use to equip themselves with essential office technology from eBay Refurbished and continued education support. Now in its 5th year, eBay's Up & Running Grants program demonstrates the company's ongoing commitment to entrepreneurial success on its platform. With the grants, small businesses are able to invest in physical and digital store improvements, new equipment and inventory, hiring, training, marketing and more. A survey of last year's awardees reveals that 90% found the grant extremely or very helpful, and 90% also felt more confident about the future of their businesses. Further, 10% of recipients say they leveraged the funds to increase employee wages. "Since eBay's inception nearly 30 years ago, supporting our sellers and their business growth has always been a central priority. We are constantly looking for ways to ensure that entrepreneurs on our marketplace have the capital, resources and community they need, in order to truly thrive," said Dawn Block, VP, U.S. General Manager at eBay. "That is why we created the Up & Running Grants program in 2020, and today, we are proud to continue this effort as an ongoing investment in every seller's success." eBay is partnering with Hello Alice, a free, multichannel platform that helps businesses launch and grow, to administer the grants program and provide access to mentorship and resources to all sellers who apply, whether they ultimately receive a grant or not. "Grant programs are one of the most vital resources for all small business owners who encounter challenges when trying to secure capital or credit for business growth," said Elizabeth Gore, co-funder and President of Hello Alice. "We are honored at Hello Alice to provide grants directly from our platform and partner with leading companies on their own grant programs, which help small businesses thrive. eBay's Up & Running Grants Program is a shining example of the good that can come from larger organizations supporting small business and we're excited to partner with them once again, bringing more equitable access to capital to the U.S." Apply for an Up & Running Grant Testimonials from Previous Recipients:
About eBay About Hello Alice View original content to download multimedia:https://www.prnewswire.com/news-releases/ebay-launches-5th-annual-up--running-grants-program-awarding-500-000-to-small-businesses-302127007.html SOURCE eBay Inc. |