Intuit QuickBooks Grant Program 2024: Award of 10,000 USD
Intuit Inc. has launched the QuickBooks Grant Program. This initiative will award 20 small business owners $10,000 each along with business mentorship resources, supporting their success and growth.
📋 Program: QuickBooks Grant Program by Intuit
💰 Award: $10,000 each to 20 small business owners
📚 Additional Resources: Three months of mentorship
🎯 Purpose: Support small business growth and success
🎉 Part of: Intuit’s Small Business Success Month
📅 Application Period: May 28 - June 30, 2024
✅ Eligibility: Small business owners with less than 99 employees and in operation for at least one year
📧 Notification of Winners: By August 15, 2024
Intuit QuickBooks Grant Program: Empowering Small Businesses
Intuit Inc. (Nasdaq: INTU), the global financial technology platform known for Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the QuickBooks Grant Program. This initiative will award 20 small business owners $10,000 each along with business mentorship resources, supporting their success and growth.
Overview of the QuickBooks Grant Program
- Grant Amount: $10,000 per recipient
- Number of Recipients: 20 small business owners
- Additional Resources: 3 months of mentorship
Application Details
- Application Period: May 28, 2024 - June 30, 2024 (11:59 PM PT)
- Application Website: quickbooks.com/grants
- Essay Requirement: Applicants must submit a brief essay describing how the grant will help overcome business challenges or achieve business dreams.
Eligibility Requirements
- Business Type: Small business owner, self-employed individual, or freelancer
- Business Establishment Date: At least 1 year old (initiated no later than May 1, 2023)
- Employee Count: Fewer than 99 employees
Application Process
- Review Requirements: Ensure your business meets the eligibility criteria.
- Complete Application: Fill out the application form and submit a short essay.
- Confirmation: After submitting, you will receive a confirmation page and email.
Key Dates for Intuit QuickBooks Grant Program 2024
Judging Criteria
A panel of experienced judges will select winners based on four categories:
- Compelling Impact
- Courage
- Customer Obsession
- Stronger Together
FAQs
Do I need to be a licensed business owner to apply?
No, you don't need a business EIN. Just show that you have been running a small business.
How many times can I enter?
You can enter only once. Multiple entries are not allowed.
Can I update my essay after submission?
No, once submitted, essays cannot be changed.
Why can't I use a P.O. Box address?
We need your home address to confirm your eligibility.
How will I receive the funding?
Funds will preferably be deposited into your QuickBooks Checking account. If you don’t have one, we can deposit the funds into another bank account or send a check.
Will I need to pay taxes on the award?
Yes, you will need to pay taxes on the award value of $12,000. A Form 1099 will be provided by QuickBooks.
Impact on Small Businesses
According to the Intuit QuickBooks Entrepreneurship in 2024 Report:
- New Business Formation: Nearly a quarter of U.S. consumers plan to start a new business in 2024.
- Wealth Building: Two-thirds believe starting a business is a better path to building personal wealth compared to buying a house.
- Economic Challenges: Small businesses face tightened credit availability, high interest rates, and inflation, making access to funding crucial.
Conclusion
The QuickBooks Grant Program is part of Intuit’s Small Business Success Month, aimed at celebrating and empowering small businesses. This program provides essential funding and mentorship to help entrepreneurs overcome challenges and achieve their business goals. For more details and to apply, visit quickbooks.com/grants.
