Verizon Small Business Digital Ready Grants
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Verizon Small Business Digital Ready Grants
Verizon
ABOUT THE GRANT
The Verizon Small Business Digital Ready Grant provides small businesses across the United States, Puerto Rico, and the U.S. Virgin Islands with $10,000 grants distributed monthly, with 10 businesses selected each month. Administered by LISC (Local Initiatives Support Corporation), a national nonprofit that serves as the program's independent grant administrator, the grant is part of Verizon's broader commitment to equip one million small businesses with the tools and resources they need to thrive in today's digital economy.
Since 2021, the program has funded more than 1,500 unique small businesses. What makes this grant distinctive is its education-first structure: applicants must first register on the Verizon Small Business Digital Ready platform (a free resource hub offering business courses, virtual events, and in-person workshops on topics such as marketing, AI, intellectual property, and social media) and complete any combination of two eligible courses or events to unlock the grant application. Once submitted, a single application remains under consideration for every monthly selection cycle throughout the year, meaning applicants only need to apply once to be considered across all remaining rounds.
To be eligible, applicants must operate a for-profit small business (nonprofits are not eligible) based in the U.S., Puerto Rico, or the U.S. Virgin Islands, be at least 18 years of age, and be able to provide business and financial verification documentation if selected as a finalist. LISC uses a multi-step selection process that combines an anonymous drawing (to ensure every applicant has an equal chance), an algorithm that balances awards across industries and geographies, an in-depth review of community impact and proposed use of funds, and financial and legal verification of finalists. Priority is given to first-time applicants and to businesses located in under-resourced, low-to-moderate income communities that may not have access to flexible, affordable capital. The application is available in both English and Spanish, and grant funds do not need to be repaid.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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