FedEx today announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching.
The program is designed to help diverse small business owners who are looking to develop or expand their e-commerce operations as they continue to adapt their business models in the wake of the COVID-19 pandemic, with a focus on women and entrepreneurs of color.
The program will provide intensive hands-on learning to a cohort of 150 small business owners across the U.S. through a series of workshops and one-on-one coaching by e-commerce experts. They will receive free technical support in setting up and maintaining their virtual stores, as well as support with marketing, managing promotions, customer service, managing orders and fulfillments, and product photography. Participants will also receive a $2,000 business grant to
FedEx Announces the FedEx E-commerce Learning Lab in Collaboration With Accion Opportunity Fund
FedEx Announces the FedEx E-commerce Learning Lab in Collaboration With Accion Opportunity Fund
$1 million grant will be used to fund program to help businesses owned by women and people of color expand e-commerce operations
Published 6 hours ago
Submitted by FedEx Corporation
MEMPHIS, Tenn., May 13, 2021 /CSRwire/ – FedEx today announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching. The program is designed to help diverse small business owners who are looking to develop or expand their e-commerce operations as they continue to adapt their business models in the wake of the COVID-19 pandemic, with a focus on women and entrepreneurs of color.
CONTENT: Press Release
MEMPHIS, Tenn., May 13, 2021 /3BL Media/ – FedEx today announced the launch of the FedEx E-Commerce Learning Lab, a new program developed in collaboration with Accion Opportunity Fund (AOF), a leading nonprofit organization providing small business owners with access to capital, networks, and coaching. The program is designed to help diverse small business owners who are looking to develop or expand their e-commerce operations as they continue to adapt their business models in the wake of the COVID-19 pandemic, with a focus on women and entrepreneurs of color.
The program will provide intensive hands-on learning to a cohort of 150 small business owners across the U.S. through a series of workshops and one-on-one coaching by e-commerce experts. They will receive free technical support in setting up and maintaining their virtual stores, as well as support with marketing, managing promotions, customer service, managing orders and fulfillments, and product phot
Our intention is to look at underfunded small businesses that are really looking to get stronger, to reopen, to stabilize and grow in 2021 and beyond, Luz Urrutia, CEO of the Accion Opportunity Fund, told CNBC. [Businesses] we know are trying to invest, buy inventory, perhaps pivot and they need reasonable terms and credit to get back on their feet.
To qualify for the loans with 12 to 60 month terms, an applicant must be in business for 12 months, have proof of $50,000 in revenue per year and own at least 20% of the business. Applicants with low FICO credit scores will be considered, but their credit rating will be a factor in determining the loan s interest rate, which can range from 5.99% to 25.99%.