eBay Supports Small Businesses with Annual Grants Initiative
eBay Supports Entrepreneurs Through Grants Initiative
In a robust effort to foster entrepreneurship and small business growth, eBay Inc. has recently revealed the recipients of its fifth annual Up & Running Grants program. This initiative, which began in 2020, has been a beacon of hope and support for many U.S. sellers striving for economic success. This year, eBay awarded a total of $500,000 and additional technology stipends to 50 selected sellers.
Empowering Local Sellers with Financial Support
Each of the 50 chosen businesses received a grant amounting to $10,000, alongside invaluable training and mentorship opportunities. This support is part of eBay's longstanding commitment to empowering small business owners, ensuring they have the necessary resources and guidance to succeed in the competitive marketplace.
Significant Growth in Applications
This year's Up & Running Grants program saw an unprecedented surge in interest, with over 18,000 applicants vying for the support. Notably, there was a 19% increase in early-stage entrepreneurs compared to the previous year, showcasing the ever-growing desire for entrepreneurial ventures among diverse communities across the country.
Praise from eBay Executives
"Entrepreneurship is at the heart of eBay. We consistently strive to facilitate the success of small business owners by equipping them with essential tools and support systems," stated Dawn Block, Vice President and General Manager of U.S. Market & Global Selling. Block expressed enthusiasm for joining the growth journey of this year's recipients, emphasizing eBay's role in helping these businesses achieve their goals.
Meet the Up & Running Grantees
Among this year’s recipients are various innovative companies that exemplify the spirit of entrepreneurship. Grantees include:
- Hawken Carlton of Carlton Carnivores
- Andrew Gunthorp of B&B Auto Parts
- Taylor Fierro of Lethal Performance
- Anthony Petitti from Verified Sneaks
- Kathryn Bucklin from 6bucks
- Rickie Miller of Kriss Kross Wigs
- Caitlin Nugent from Unaparts Inc
- Jennifer LaValle of Peg Hunted Treasures
- Paula Johnson of Theroadnottaken1
- Danielle Merk of Fronitier Legacy LLC
- Dee Sweeney from Pink Streak Market
- Christopher II Clegg from Cleggsclassics
- Amanda Rowland of KrazyKatCollections
- Iuliana Jaloba of Ridalshop LLC
- Kimberly Blake from Sandwood Selections
- Kaylie Helwig of ThriftyMoves
- Patricia Stephens of Trash Pandas Emporium
- Tara Stine from Fuzzy Loops
- Devon Wallis of Seek Optics
- Tracey Inventor from Treasures4u2000
- Adriana Rebicki Bamvakiades of ARBA Shop
- Gladis Diaz from Shinning Star X's Boutique
- James Idell of Maridells
- Walter Roberts from The Buying Spot
- Jonathan Copeland of Vino Club Vintage
- Eduard Gutierrez of BoosterBuddyTCG
- Shoute Huang from Sealingtek Inc
- Virginia Charles of Vrod's Closet
The Impact of Grants on Small Business Growth
eBay's support has shown significant results, as businesses routinely report improved economic opportunities and empowerment. The increase in applications by 162% this year further confirms eBay's dedication to helping small businesses thrive. Many previous recipients have successfully utilized grant funds to enhance their operations, expand their reach, and increase their competitive edge.
About the Up & Running Grants Program
Since its inception, the Up & Running Grants program has garnered over 60,000 applications from passionate entrepreneurs. After a rigorous selection process, 50 businesses qualify annually for $10,000 cash grants, direct training, Q&A sessions, and mentorship. Each recipient this year also gained a $500 stipend to invest in essential office technology, demonstrating eBay's comprehensive approach to aiding business development.
About eBay
eBay Inc. (NASDAQ: EBAY) is a leading global commerce platform that creates opportunities for buyers and sellers to connect and thrive in over 190 markets worldwide. Since its establishment in 1995, eBay has grown to become one of the largest online marketplaces, facilitating more than $73 billion in gross merchandise volume in recent years.
Frequently Asked Questions
What are the Up & Running Grants?
The Up & Running Grants are designed to support small business owners with cash grants and mentorship to foster their growth.
Who can apply for the grants?
Any U.S. seller operating a small business is eligible to apply for the Up & Running Grants.
How much support do grantees receive?
Each of the 50 selected grantees receives $10,000 along with additional support for training and mentorship.
What has been the impact of past grants?
Past grantees have reported enhanced business operations and growth, thanks to the funding and resources provided.
How does eBay support small businesses aside from grants?
eBay offers various tools and resources through its platform that help small businesses connect with customers and manage their operations efficiently.
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