FedEx Launches 5th Annual Small Business Grant Contest
NEW ORLEANS – Local small businesses can enter the 5th Annual FedEx Small Business Grant Contest to vie for a piece of the $120,500 prize pool.
The contest is open to U.S.-based for-profit small businesses with fewer than 99 employees and operating for six months or more, and will offer grants and services to 10 small businesses. For the first time this year, the winners will also receive an additional dollar amount in credit to use towards FedEx Office print and business services to help run their businesses.
The awards will include:
• Grand prize: One (1) winner of $25,000, plus $7,500 in FedEx Office® print and business services
• Silver prize: One (1) winner of $15,000, plus $5,000 in FedEx Office print and business services
• Bronze prize: Eight (8) winners of $7,500, plus $1,000 in FedEx Office print and business services
Last year’s grand prize winner, Ginjan Bros., is a small business that develops and brings to market traditional African drinks, and is run by two entrepreneurial brothers originally from West Africa. Through the $25,000 grant, Ginjan Bros. was able to ramp up production, both to fill their current orders and produce enough inventory to support expanded distribution.
Over the past four years, 13,000 businesses have entered the contest in the U.S. alone. The contest has now grown from one country to nine countries and the grant pool for the U.S. contest has grown from $50,000 to more than $120,000 in total prizes.
The contest entry period is open through Wednesday, March 29, with online voting to take place through Wednesday, April 5.
The number of online votes a business gets will boost its visibility, and be one of the factors FedEx will consider when choosing the top finalists and winners.
The Top 100 finalists will be announced on Thursday, April 13, and the winners will be announced Tuesday, April 25.
To enter, participants must visit www.fedex.com/grantcontest and enter their contact information, write a short profile about their business and upload four photos of their business or product, including their logo. While not required, participants also have the option of submitting a 90-second “elevator speech” video to supplement their entry.