Heard on the Street: Corporate America stepping up for small business

By September 27, 2021 September 28th, 2021 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Comcast helping small businesses RISE with millions of dollars in grant money: Comcast RISE (Representation, Investment, Strength, and Empowerment) and the Comcast RISE Investment Fund are grant programs designed to help small businesses owned by people of color achieve their goals and employ others in the community.

Intuit launches venture arm to invest in startups with innovation for small businesses, consumers: Intuit, the business and financial tools company best known for its TurboTax software, made news last week for its acquisition of Mailchimp, and is now announcing a corporate venture capital arm, Intuit Ventures, to identify growth opportunities and trends beneficial for its key customers — small businesses and consumers.

Mastercard Rolls out Strive Initiative to Accelerate Economic Recovery: With a goal of supporting more than 5 million micro and small businesses worldwide struggling to transition to digital, Mastercard announced the debut of Strive, a worldwide effort focused on bolstering small businesses and aiding their recovery and growth.

Amazon Community Lending pilot program to fuel small business growth: Amazon’s new partnership with Lendistry expands Amazon Lending’s business financing options for sellers, and will provide loans of up to $100,000 to help fund business needs such as inventory expansion, brand building, and customer acquisition.