Applications are now open for the Progressive Insurance®Driving Small Business Forward grant program, in partnership with Hello Alice. $1 million will be awarded to 20 small businesses – each receiving $50,000 in funding which can be used towards the purchase of a commercial vehicle. Recipients will also be invited to attend an exclusive 12-week virtual Boost Camp coaching program, gaining access to tools and resources to help them achieve their growth objectives.
Application Due Date: June 14, 2024
Application Review Period: June 17th – August 9th
Award Announcements: August 2024
To be eligible to enter a business in the Program, you must meet be all of the following:
- An entrepreneur who is the leading executive (i.e. Founder and/or President, CEO, CFO, COO, or any such other similar title) of the applying business
- A legal resident of one the fifty United States or the District of Columbia; excluding US Territories.
- Eighteen (18) years of age or older (19 in AL and NE).
- Officer(s) may not be a Progressive Insurance employee or an immediate family member of a Progressive Insurance employee or independent agents who sell Progressive Insurance, or a Hello Alice employee.
To participate in the Program, the business must meet all of the following criteria:
- Be a for-profit business located and registered in one of the fifty United States or the District of Columbia; excluding US Territories;
- Have 10 or fewer employees and less than $5M in annual gross revenue;
- Have demonstrated need for a qualifying commercial vehicle and have a clear plan for growth as as result of this vehicle purchase;
- Heavy trucks with Gross Vehicle Mass (GVM) over 26,000 lbs. and vehicles designed principally for use off public roads (e.g. bulldozers, farm machinery, forklifts, etc.) are not considered qualifying commercial vehicles for this program.
- Businesses may not be an independent contractor whose primary business is for a rideshare service such as Uber or Lyft, or third-party food delivery such as UberEats, DoorDash, PostMates, Grubhub, Instacart, etc.
- The potential winners are subject to verification of eligibility by Sponsor, which may include completing associated documentation.
For official rules and how to enter, visit https://helloalice.com/grants/progressive/ to see the Terms and Conditions and FAQs.
