Business
TD Awards $4 Million to U.S. Nonprofit Organizations Supporting Small Business Owners
Recipients of the 2024 TD Ready Challenge grants each receive a $1 million grant for their innova...
About this update from Toronto-dominion Bank
[{"type":"text","content":"TD Awards $4 Million to U.S. Nonprofit Organizations Supporting Small Business Owners\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n Recipients of the 2024 TD Ready Challenge grants each receive a $1 million grant for their innovative solutions that support underserved small business owners in developing, launching, or growing their businesses\n \n\n\n\n\n\n TD\n \n today announced four grant recipients of the\n \n 2024 TD Ready Challenge\n \n , an annual initiative that supports nonprofit organizations develop effective programs and solutions for communities within the bank's footprint.\n \n\n Each year, the TD Ready Challenge solicits eligible organizations to submit applications that offer solutions to a different problem statement, with this year's focus being on innovative solutions to support underserved small business owners. Today's grant recipients will each receive $1 million through the TD Ready Challenge to advance initiatives designed to help disrupt barriers for underserved entrepreneurs while supporting the larger needs of the small business community. The recipients, whose initiatives range in scale and purpose, include:\n \n\n\n\n Hot Bread Kitchen\n \n creates economic opportunity for vulnerable populations in New York City through food entrepreneurship programs and support from seasoned business advisors;\n \n\n\n PA CDFI\n \n will support underserved entrepreneurs through technology, coaching, and other tools with an emphasis on access to capital and business growth;\n \n\n\n Tampa Bay Chamber Foundation\n \n will provide tailored, accelerator training programs and AI tools to help minority-owned small business owners create sustainable growth;\n \n\n\n Washington Area Community Investment Funds\n \n will collaborate with Building Bridges Across the River to provide coaching and financial services to local small businesses.\n \n\n\n \"Small businesses serve as the heart of our communities, but in a rapidly evolving economic landscape, they face a myriad of challenges to remain competitive and grow their businesses,\" says Paige Carlson-Heim, U.S. Head of Social Impact for TD Bank. \"Through the TD Ready Challenge, we are honored to play a role in supporting organizations that develop lasting solut...