Today, eBay announced the recipients of its Up & Running Grants — a new program focused on ensuring today’s small businesses are here tomorrow. Fifty sellers from across the U.S. were selected to each receive grant packages, inclusive of $10,000 in funding and education resources.
These grants build on eBay’s long-standing commitment to small businesses and expand the company’s Up & Running initiative that was launched in March 2020. This global program began as an accelerator to help Main Street retailers get online and thrive, despite the pandemic.
“Small businesses have never been under more pressure, and eBay is finding new ways to offer the support they need to succeed. As the home of small business, we are proud to recognize these 50 Up & Running Grants recipients and provide funding and resources to propel them forward.”Andrea Stairs, VP of Seller Community
What is eBay Up & Running?
eBay announced the Up & Running Grants in November 2020 in partnership with business accelerator Hello Alice and received more than 13,500 applications. To apply, sellers shared details of their small business and how they planned to use the grant to fuel their growth.
Following a comprehensive review, 50 sellers were chosen to each receive $8,000 in cash and $2,000 worth of eBay credits, along with premium access to Seller School — eBay’s new e-learning platform — and direct training and coaching.
Of the 13,500 applications, 89% said COVID-19 had impacted their business. About 12% of applicants had to close their office or storefront and 18% had to furlough employees, while 9% of applicants admitted to starting a new business during the pandemic.
“There were so many incredible applicants across a wide range of backgrounds. Some were forced to close their brick and mortar operations while others found their supply chains impacted — all encountered barriers. But, we were also able to find so many inspirational stories: sellers who are persevering despite the challenges and bringing unique inventory to eBay. Under difficult circumstances, these recipients remain committed to learning and growing their online businesses.”Andrea Stairs, VP of Seller Community
All small business seller applicants are being encouraged to take advantage of the free courses available through eBay Seller School and to join the eBay Community for additional support. Through Hello Alice, all applicants will be enrolled in an online community of similar businesses for peer-to-peer networking and will also have access to their COVID-19 Business Center.
“We are thrilled to be working with eBay to provide this program for their small business sellers. Small businesses need our support more than ever, and given that they employ over 60% of Americans, it’s important that they be afforded the resources and tools to not only survive the pandemic but thrive over the long term.”Elizabeth Gore, Co-Founder and President of Hello Alice
To learn more about the Up & Running Grants and the 50 recipients, please follow this link to eBay’s announcement.
Connect With Us And Other Small Business Owners
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