Verizon Commits $5 Billion to Boost Small Business Growth and Digital Readiness
TL;DR
Verizon's Small Business Supplier Accelerator offers a $5 billion investment opportunity for US small business suppliers, providing a competitive advantage in accessing large corporations.
Verizon's program aims to empower American small businesses through targeted training, flexible solutions, and easier access to join the supplier network.
Verizon's commitment to small businesses strengthens the US economy, fosters job creation, and creates a more resilient supply chain for a better future.
Verizon's Small Business Digital Ready program offers free online courses, expert coaching, networking opportunities, and grants, supporting small businesses in the digital economy.
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Telecommunications giant Verizon has announced a significant $5 billion commitment to support and invest in American small businesses over the next five years. The company's Small Business Supplier Accelerator program is designed to create a robust pipeline for small businesses, with a particular focus on veteran-owned enterprises, to work with Verizon and other large corporations.
The initiative goes beyond financial investment, offering targeted training and flexible solutions to make it easier for small businesses to join corporate supply chains. These include faster payment terms, modified insurance requirements, and adjusted indemnification standards that can help smaller companies overcome traditional barriers to entry.
As part of its comprehensive support strategy, Verizon is also expanding its Small Business Digital Ready program, which provides free online courses, expert coaching, and networking opportunities. The program has already supported nearly 500,000 small businesses since 2021, positioning the company well toward its goal of equipping one million small businesses with digital skills by 2030.
In conjunction with partner LISC, Verizon is offering additional $10,000 grants to eligible small businesses who complete digital resources, building on its previous $13.5 million in grant funding. CEO Hans Vestberg emphasized the company's recognition of small businesses as the economic backbone of local communities, highlighting Verizon's commitment to empowering these critical economic drivers.
This multifaceted approach represents a strategic investment in America's economic resilience, providing small businesses with the technological tools, financial support, and expertise needed to compete in an increasingly digital marketplace.
Curated from Noticias Newswire
