2 weeks ago
Amazon connected Wednesday kicked disconnected its Small Business Month, which will characteristic assistance awards for eligible mini businesses and nan merchandise of a caller acquisition assets halfway for mini businesses.
The initiative, which is led by Amazon Business, nan tech giant's online business-to-business procurement store, is successful its 3rd year. Amazon VP Shelley Salomon told FOX Business, "I'm very excited astir this. It's a awesome opportunity for america to springiness backmost and thief nan mini business community."
She noted that, successful summation to offering complete $250,000 successful grants to eligible mini businesses, nan institution launched a caller mini business occurrence workplace that offers acquisition resources.
"This year, we've besides added caller immersive acquisition contented to thief them go amended astatine what they do — either done inspirational videos from successful entrepreneurs to webinars and things that mightiness thief you fig retired really to negociate your rate travel aliases different things that are important to mini business," Salomon said.
AMAZON INTRODUCES $9.99 UNLIMITED GROCERY DELIVERY SUBSCRIPTION WITH PRIME
Amazon Business is marking Small Business Month pinch grants and nan motorboat of an acquisition assets halfway for mini businesses. (John Keeble/Getty Images / Getty Images)
Amazon Business' mini business occurrence workplace besides offers tutorials connected applying for mini business loans, really to optimize a website for net searches and different topics.
| AMZN | AMAZON.COM INC. | 175.00 | -5.96 | -3.29% |
"The different measurement that I deliberation is ace absorbing is that we support mini businesses successful our supplier base," she added successful reference to Amazon Business' procurement tools.
"As a company, you're capable to look to root your products based connected who nan supplier is, and it could beryllium a minority-owned business, a veteran-owned business, women-owned businesses. … As a customer of ours, we supply nan expertise to select those suppliers and link our customers pinch those mini business operators."
AMAZON TO LAUNCH PRIME AIR DELIVERY DRONES TO ARIZONA CITY
Small businesses pinch up to $1 cardinal successful yearly gross tin use for Amazon Business grants. (Johnny Milano/Bloomberg via Getty Images / Getty Images)
Amazon Business will beryllium awarding complete $250,000 successful grants and prizes, including $25,000 successful grants to nan expansive prize winner, $20,000 to 4 finalists and $15,000 to 10 semifinalists. Applications adjacent May 24.
Small businesses pinch up to $1 cardinal successful yearly gross are eligible for nan assistance awards, which are geared toward mini businesses that person had an effect successful their communities.
Amazon besides conducted a study of decision-makers astatine mini businesses to get a consciousness of nan challenges and opportunities they spot successful nan existent economy.
AMAZON CEO ANDY JASSY TOUTS AI PUSH IN SHAREHOLDER LETTER
Amazon Business' study recovered that 93% of mini business decision-makers are hopeful astir nan economy. (Daniel Acker/Bloomberg via Getty Images / Getty Images)
It recovered that nan apical 3 challenges keeping them up astatine nighttime were high inflation (50%), precocious operations and labour costs (42%) and proviso concatenation distribution (41%).
About half said they're worried that if they don't adopt artificial intelligence (AI), their businesses will autumn behind.
Despite those challenges and concerns, 93% of mini businesses said they were hopeful astir nan state of nan economy.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
"I deliberation group are excited astir caller opportunities to turn business successful this climate, and truthful I consciousness for illustration we'll spot a turning constituent pinch immoderate of our customers wherever there's still immoderate concern. But, astatine nan aforesaid time, they're looking to nan future," Salomon said.
