Chattanooga-based TVFCU is awarding $225,000 to local small businesses through the Idea Leap Grant. This grant aims to drive the local economy forward and support small businesses in the community.
During National Small Business Week, winners of the grant were announced, with 15 small businesses receiving funding. The organizers of the grant explained that businesses use the money for various purposes such as buying new equipment, making new hires and taking their business to the next level. The grant provides a boost to small businesses, especially during challenging times like the pandemic.
Marcus Cade-Johnson, a representative from TVFCU highlighted the impact of the grant on local businesses. He emphasized that the money awarded does not come with strings attached, allowing businesses to use it in a way that benefits their local economy. The grant aims to help businesses recover from the effects of Covid-19 and build a new normal for their operations.
The Idea Leap Grant has been running for seven years with plans to announce the eighth annual grant in the fall. Johnson encouraged businesses to apply for the grant, noting that previous winners have seen success in growing their businesses and contributing to their community. By taking a chance and applying for this grant, businesses have an opportunity to receive funding that can make a significant difference in their operations.
The Idea Leap Grant is more than just financial assistance; it’s an opportunity for small businesses in Chattanooga to take their business to new heights. With this grant, they can invest in new equipment or hire more employees, which can lead to increased revenue and growth opportunities.
This year’s recipients of the Idea Leap Grant are diverse and represent various industries such as food service, retail and healthcare sectors among others. These companies are all working towards building a better future for themselves and their community.
In conclusion, TVFCU’s Idea Leap Grant is an essential tool for supporting small business growth in Chattanooga during challenging times like these. With its simple application process and generous financial rewards, it’s no surprise that this program has become so popular over time.
If you own a small business in Chattanooga or know someone who does, consider applying for this grant today!
