Progressive Insurance®, Hello Alice Award $1 Million to Small Business Owners
Rhea-AI Summary
Progressive Insurance, in collaboration with Hello Alice, has announced the 2024 recipients of their Driving Small Business Forward grant program. 20 small business owners will each receive a $50,000 grant to use toward purchasing a commercial vehicle for their business. The program aims to support entrepreneurs by improving access to capital for transportation needs.
Recipients were selected based on their business's impact on local communities. They will also have the opportunity to participate in Boost Camp, a business coaching program from Hello Alice. This initiative reflects Progressive's commitment to fostering progress in business and supporting the significant role small businesses play in the U.S. economy.
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- Progressive Insurance awarded $1 million in grants to small business owners
- 20 recipients will receive $50,000 each for purchasing commercial vehicles
- Grant recipients gain access to Hello Alice's Boost Camp business coaching program
- The program supports small businesses, which represent 99.9% of all U.S. businesses
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- None.
News Market Reaction
On the day this news was published, PGR gained 1.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
20 recipients will receive funds which can be used toward the purchase of a commercial vehicle for their business and access to programs that help drive business growth
According to the Small Business Administration, over 33 million firms qualify as a small business, representing
"At Progressive, we recognize the small business owners who work so hard to make meaningful contributions to our society yet face many challenges when it comes to access to capital," said Karen Bailo, Commercial Lines President at Progressive Insurance. "For the last three years, the Driving Small Business Forward grant program is one of the ways we've been supporting entrepreneurs on their small business journey, and we are proud to continue facilitating progress in business as part of our belief that insurance should do more."
To administer the grant program, Progressive worked with Hello Alice, the financial technology platform connecting over 1.5 million small businesses to capital, connections, and opportunities.
The full list of recipients for the 2024 Driving Small Business Forward grant program are:
- James Dong, Owner of Last Minute Gear in
San Francisco, CA - Vernic Popat, Owner of PlantOGram Inc in
Orlando, FL - Dermot Jones, Owner of Jones Family Bee Removal in
Antioch, CA - Colin Wiseman, Owner of Chai For in
Cincinnati, OH - Ikei McCoy, Owner of McCoy Masonry LLC in
Shaker Heights, OH - Jarami Bond, Owner of Bond Studio in
Charlotte, NC - Charles Zhang, Owner of Blue Hawaii Lifestyle in
Honolulu, HI - Charmaine Gahan, Owner of Cuttyhunk Shellfish Farms in
Concord, MA - David & Mary Rodriguez, Owners of The Oven Pizzeria in
Seaside, CA - Shawn Jonutz, Owner of Wind & Brass in
Berkeley, CA - Holly Verbeck, Owner of HeyChef! LLC in
Truckee, CA - Xiaoyuan Su, Owner of Chinese Radio Seattle in
Bellevue, WA - Adell Badgett, Owner of Dellstar VR L.L.C. in
South Bend, IN - Mariam Gogeliya, Owner of Wonder Room Coffee & Flowers in
Brooklyn, NY - Jose & Michelle O'Quinn, Owner of Street Wise Driving Schools in
Grand Prairie, TX - Sharie Renee, Owner of Cosmic Bobbins in
Cleveland, OH - Erica Cole, Owner of No Limbits in
Richmond, VA - Chevonne Woodard, Owner of Mr. Appliance of West Loop in
Chicago, IL - Frederique Mitchell, Owner of Cookies By Freddie in
Baton Rouge, LA - Stacey Cline, Owner of New Earth Farm / CompostSTL in
St. Louis, MO
Meet a few of our 2024 grant recipients.
Selected recipients submitted applications highlighting the impact their business has on the local community. Erica Cole is the owner of No Limbits in
"I am so thrilled to have been selected for this grant as it will allow us to engage even more with the disability community," said Erica Cole, owner of No Limbits. "We plan to use this grant to purchase a commercial vehicle to host pop-up events at our retailers, clinical partners and adaptive community events to reach customers in a fun and authentic way."
Another applicant, Dermot Jones, Owner of Jones Family Bee Removal in
"Small businesses are the heart of this country, but it's become increasingly difficult for them to operate and scale with the challenges today's economic environment presents. Hello Alice has helped many of these small business owners' access much needed capital, credit, and opportunities to thrive and support their communities," said Carolyn Rodz, CEO & Co-Founder of Hello Alice. "We're proud to work with Progressive on this important grant program and continue championing small businesses."
To learn more about each recipient, visit https://helloalice.com/grants/progressive/.
In addition to receiving a grant toward the purchase of a commercial vehicle, recipients will have the opportunity to participate in Boost Camp, a business coaching program from Hello Alice that instills repeatable annual frameworks that focus on core concepts for business growth including financial budgeting and forecasting, funding and pitch strategies, sales and customer acquisition.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the
About Hello Alice
Hello Alice is a financial technology platform serving more than 1.5 million small business owners in all fifty states. Hello Alice is committed to equitable access to capital and to supporting any entrepreneur with a good idea. Hello Alice offers funding, education, tools, and curated opportunities. Working with enterprise business services, ecosystem partners, affiliates, and government agencies, Hello Alice provides its growing community with everything they need to grow their businesses. To learn more, visit www.helloalice.com, as well as Twitter, LinkedIn, Instagram, and Facebook.
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SOURCE Progressive Insurance
FAQ
How much did Progressive Insurance award in total for the Driving Small Business Forward grant program in 2024?
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