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Small Business Center

Hispanic Small Business Owners Can Shift Gears With $25,000 Vehicle Grant

June 2, 2022

Small business portal Hello Alice is inviting Hispanic entrepreneurs to apply for the Driving Small Business Forward Grant, funded by Progressive Commercial Insurance. Hispanic entrepreneurs start more businesses per capita than any other racial or ethnic group in the U.S., according to McKinsey & Co., yet they face more challenges getting loans or capital from the investment community. Eligible applicants must be 51% or more owned and operated by a Hispanic-identifying entrepreneur, employ 10 or fewer, have annual gross revenue of $5 million or less and demonstrate the need for a commercial vehicle, a commitment to local community and a clear plan to keep the business moving forward. Applications, found here, are open  through June 17.

Small Business Center

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