During National Small Business Week, TVFCU awarded $225,000 to 15 small businesses in the area through its annual Idea Leap Grant. The grant is designed to drive the local economy forward by providing financial support to businesses that need it most.
Winners in different regions were announced, and the money has already been put to good use by the small businesses. They are using the funds to purchase new equipment, make new hires, and elevate their operations to new heights. This financial assistance is allowing small businesses to invest in their growth and make a positive impact on the local economy through various initiatives.
The Idea Leap Grant is unique in that it has no strings attached, giving businesses complete freedom to utilize the funds in a way that best benefits their operations. With many small businesses facing challenges due to Covid-19, this grant is helping them navigate through these difficult times and establish a new normal. By contributing to their local economies, businesses are able to work towards recovering from the effects of the pandemic and achieving long-term success.
TVFCU plans to continue supporting local businesses through its annual Idea Leap Grant program. The eighth grant will be announced in the fall, and business owners are encouraged to apply for funding if they want to take their operations to new heights. Past winners have had great success with securing funding and growing their businesses, making it an excellent opportunity for any small business looking for financial assistance and support for their growth initiatives.
Overall, TVFCU’s Idea Leap Grant program is an excellent example of how communities can come together during challenging times
