Amazon Business has launched its second annual Small Business Month by announcing the 2023 Small Business Grants, aimed toward fostering innovation and supporting small businesses that make a positive impact of their communities. The corporate also released a poll highlighting the optimism and resilience of small-business decision-makers despite economic challenges.
The poll revealed that the highest challenges for small businesses are high inflation (63%), economic recession (39%), and provide chain disruptions (30%). Nonetheless, 55% of respondents expressed more hope for his or her business’s success than they did a yr ago. To drive future growth, small businesses are specializing in streamlining their purchasing processes and reducing costs, with 91% identifying the power to seek out reasonably priced items, 88% emphasizing ease of locating items, and 90% highlighting the convenience of buying as key aspects in long-term growth.
Todd Heimes, director of Amazon Business Worldwide, stated that Amazon Business offers small businesses the choice and convenience of Amazon, together with tools that help them make informed buying decisions, automate procurement, and lower your expenses through business pricing.
To further support small businesses, Amazon Business has introduced the Small Business Grants program, offering over $250,000 in grants to eligible small businesses within the U.S. with annual revenues of $1 million or less. Grant applications are due by May 21, with winners to be announced on July 17. Prizes include monetary grants, Business Prime memberships, select Amazon devices, and more.
Virtual X Kitchen, a 2022 grant finalist, received $20,000 to develop its sustainable restaurant model for urban areas, maximizing kitchen space for multiple owners and utilizing latest technology to streamline the ordering process. The grant money was used for branding initiatives to extend company awareness.
Amazon Business is committed to supporting small businesses by providing education, grants, and tools that help them overcome challenges and give attention to their mission and customers. The Small Business Grants program underscores the importance of small businesses within the economy and demonstrates the corporate’s dedication to their success.
For more information on the Amazon Small Business Grants and to use, visit the Amazon Small Business Grants page.
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