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Block Advisors by H&R Block has launched a brand new grant program referred to as “Fund Her Future” to help ladies who personal small companies. This announcement comes as a part of the Nationwide Small Enterprise Month celebrations, aiming to handle the challenges ladies face in getting the funding and help they want.
This system will give away a complete of $100,000 in grants to 5 small companies led by ladies. Alongside the monetary increase, winners will even obtain a 12 months of enterprise companies from Block Advisors, which incorporates assist with taxes, bookkeeping, payroll, and extra. This help is designed to assist these companies develop and make an even bigger influence of their communities.
Jamil Khan, the Chief Technique and Small Enterprise Officer at H&R Block, shared some insights in regards to the development of women-owned companies. “Women’s businesses have been growing almost twice as fast as men’s over the last five years,” Khan stated. Nonetheless, he identified that girls nonetheless earn much less and have a more durable time getting loans than their male counterparts, with even larger challenges for ladies of colour.
The information backs this up, displaying that 31% of girls launched their companies shortly after planning them—quicker than different teams. But, they nonetheless face extra monetary hurdles. The “Fund Her Future” grants intention to assist bridge these gaps.
To use for the grant, enterprise homeowners should be ladies who personal at the least 51% of their enterprise and function it inside the US. This system significantly encourages companies that concentrate on inclusivity and neighborhood influence to use. Functions are open till Might 26, 2024, at BlockAdvisors.com/FundHerFutureGrant. After purposes shut, finalists will probably be chosen for interviews in June, and the winners will probably be introduced by the top of the month.
The grants are vital: one enterprise proprietor will win $50,000 and a full 12 months of enterprise companies, whereas 4 others will every obtain $12,500 and the identical service bundle. With over two million small enterprise homeowners supported by Block Advisors every year, the winners can count on substantial assist.
“With immediate access to capital, resources, and trusted expertise, we’re confident these women entrepreneurs will significantly grow their businesses and impact their communities,” Khan added.
For extra particulars on Block Advisors and to use for the “Fund Her Future” grant, go to www.BlockAdvisors.com and www.BlockAdvisors.com/FundHerFutureGrant. This program is a step in the direction of making the enterprise world extra supportive and honest for ladies.