Elevate Collectively® Celebrates Entrepreneurship Week and Second Yr of Closing Racial Wealth Hole With $1.1M+ in Grants to Black- and Hispanic-Owned Small Companies

BOCA RATON, Fla.–(BUSINESS WIRE)–Elevate Collectively®, a nonprofit initiative based by The ODP Company (NASDAQ:ODP) and powered by Spherical It Up America®, introduced in the present day in celebration of Nationwide Entrepreneurship Week that it has awarded $1,140,000 in money grants to 189 Black- and Hispanic-owned small companies in 2022. The announcement comes because the initiative concludes its second yr of serving to to shut the racial wealth hole, and enters its third yr of accelerating the creation, progress, and prosperity of Black and Hispanic-owned small companies in communities throughout the U.S.

Launched by The ODP Company in early 2021, in collaboration with the Nationwide City League’s Entrepreneurship Facilities and the USA Hispanic Chamber of Commerce (USHCC), Elevate Collectively® delivers impactful and scalable assist companies that foster enterprise creation and progress alternatives for Black and Hispanic small companies with 5 or much less staff. Along with help within the type of money grants, merchandise, and companies, eligible small enterprise house owners achieve entry to instructional workshops, coaching and mentorship companies, skilled networks, and extra.

“Over the previous yr, we awarded 189 small enterprise house owners money grants valued between $5,000 and $10,000, which they may use to innovate and develop their companies in thrilling methods,” stated Gerry Smith, Chief Govt Officer for The ODP Company. “These money grants have given Black and Hispanic enterprise house owners the funds they should assist develop their companies. However we don’t simply cease there. Elevate Collectively® pairs these entrepreneurs with licensed mentors to assist them succeed on their evolving enterprise journeys.”

Investments from key companions proceed to assist Elevate Collectively® in its efforts to uplift Black and Hispanic small companies and assist foster equitable alternatives. The ODP Company makes an annual company present to the initiative, along with affiliate and buyer donations in Workplace Depot® OfficeMax® retail shops. Elevate Collectively® was additional bolstered in 2022 by beneficiant items from Chase for Enterprise and the Taylor Company.

This assist helped Elevate Collectively® develop from 5 to 11 U.S. markets in 2022, together with Atlanta, Chicago, Dallas, Fort Value, Detroit, Houston, Los Angeles, Minneapolis, Philadelphia, Phoenix, and South Florida.

Additionally in 2022, the initiative introduced Elevate Collectively Day, a first-of-its-kind, free digital summit occasion in October. This “Day of Empowerment” for Black and Hispanic small enterprise house owners featured a keynote tackle by Latina CEO and entrepreneur Beatriz Acevedo, interactive speed-networking with nationwide enterprise professionals, and the Elevate Collectively $25K Problem, a $25,000 fundraising effort to assist Black- and Hispanic-owned small companies.

“As a grant recipient, I can’t stress sufficient the significance of feeling seen and appreciated when chosen for this grant alternative,” stated Nadeige Sterlin, proprietor of La Paix Bakery and an Elevate Collectively® grant recipient in South Florida. “Our crew felt honored, and it helped to spice up our confidence to work towards our long-term future plans of increasing to a second location.”

To be taught extra about Elevate Collectively® powered by Spherical It Up America, together with the right way to take part as a small enterprise or donate to the initiative to assist drive change, please go to elevatetogether.org.

About Elevate Collectively®

Elevate Collectively® powered by Spherical It Up America is a nonprofit initiative designed to handle systemic discrimination and historic racial disparities in enterprise progress and profitability in Black and Hispanic communities. By a partnership with the Nationwide City League and the U.S. Hispanic Chamber of Commerce, the initiative delivers schooling, entry and help to Black and Hispanic small companies. Based by The ODP Company, Elevate Collectively® is supported by a coalition of like-minded firms with a mission to strengthen our native communities, foster job creation, and shut the racial wealth hole. Be taught extra at elevatetogether.org.

About The ODP Company

The ODP Company (NASDAQ:ODP) is a number one supplier of services and products by way of an built-in business-to-business (B2B) distribution platform and omnichannel presence, which incorporates world-class provide chain and distribution operations, devoted gross sales professionals, a B2B digital procurement resolution, on-line presence and a community of Workplace Depot and OfficeMax retail shops. By its working firms Workplace Depot, LLC; ODP Enterprise Options, LLC; Veyer, LLC; and Varis, LLC, The ODP Company empowers each enterprise, skilled, and shopper to realize extra day by day. For extra data, go to theodpcorp.com.

ODP and ODP Enterprise Options are emblems of ODP Enterprise Options, LLC. Workplace Depot is a trademark of The Workplace Membership, Inc. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, LLCBOCA RATON, Fla.–(BUSINESS WIRE)–Elevate Collectively®, a nonprofit initiative based by The ODP Company (NASDAQ:ODP) and powered by Spherical It Up America®, introduced in the present day in celebration of Nationwide Entrepreneurship Week that it has awarded $1,140,000 in money grants to 189 Black- and Hispanic-owned small companies in 2022. The announcement comes because the initiative concludes its second yr of serving to to shut the racial wealth hole, and enters its third yr of accelerating the creation, progress, and prosperity of Black and Hispanic-owned small companies in communities throughout the U.S.

Launched by The ODP Company in early 2021, in collaboration with the Nationwide City League’s Entrepreneurship Facilities and the USA Hispanic Chamber of Commerce (USHCC), Elevate Collectively® delivers impactful and scalable assist companies that foster enterprise creation and progress alternatives for Black and Hispanic small companies with 5 or much less staff. Along with help within the type of money grants, merchandise, and companies, eligible small enterprise house owners achieve entry to instructional workshops, coaching and mentorship companies, skilled networks, and extra.

“Over the previous yr, we awarded 189 small enterprise house owners money grants valued between $5,000 and $10,000, which they may use to innovate and develop their companies in thrilling methods,” stated Gerry Smith, Chief Govt Officer for The ODP Company. “These money grants have given Black and Hispanic enterprise house owners the funds they should assist develop their companies. However we don’t simply cease there. Elevate Collectively® pairs these entrepreneurs with licensed mentors to assist them succeed on their evolving enterprise journeys.”

Investments from key companions proceed to assist Elevate Collectively® in its efforts to uplift Black and Hispanic small companies and assist foster equitable alternatives. The ODP Company makes an annual company present to the initiative, along with affiliate and buyer donations in Workplace Depot® OfficeMax® retail shops. Elevate Collectively® was additional bolstered in 2022 by beneficiant items from Chase for Enterprise and the Taylor Company.

This assist helped Elevate Collectively® develop from 5 to 11 U.S. markets in 2022, together with Atlanta, Chicago, Dallas, Fort Value, Detroit, Houston, Los Angeles, Minneapolis, Philadelphia, Phoenix, and South Florida.

Additionally in 2022, the initiative introduced Elevate Collectively Day, a first-of-its-kind, free digital summit occasion in October. This “Day of Empowerment” for Black and Hispanic small enterprise house owners featured a keynote tackle by Latina CEO and entrepreneur Beatriz Acevedo, interactive speed-networking with nationwide enterprise professionals, and the Elevate Collectively $25K Problem, a $25,000 fundraising effort to assist Black- and Hispanic-owned small companies.

“As a grant recipient, I can’t stress sufficient the significance of feeling seen and appreciated when chosen for this grant alternative,” stated Nadeige Sterlin, proprietor of La Paix Bakery and an Elevate Collectively® grant recipient in South Florida. “Our crew felt honored, and it helped to spice up our confidence to work towards our long-term future plans of increasing to a second location.”

To be taught extra about Elevate Collectively® powered by Spherical It Up America, together with the right way to take part as a small enterprise or donate to the initiative to assist drive change, please go to elevatetogether.org.

About Elevate Collectively®

Elevate Collectively® powered by Spherical It Up America is a nonprofit initiative designed to handle systemic discrimination and historic racial disparities in enterprise progress and profitability in Black and Hispanic communities. By a partnership with the Nationwide City League and the U.S. Hispanic Chamber of Commerce, the initiative delivers schooling, entry and help to Black and Hispanic small companies. Based by The ODP Company, Elevate Collectively® is supported by a coalition of like-minded firms with a mission to strengthen our native communities, foster job creation, and shut the racial wealth hole. Be taught extra at elevatetogether.org.

About The ODP Company

The ODP Company (NASDAQ:ODP) is a number one supplier of services and products by way of an built-in business-to-business (B2B) distribution platform and omnichannel presence, which incorporates world-class provide chain and distribution operations, devoted gross sales professionals, a B2B digital procurement resolution, on-line presence and a community of Workplace Depot and OfficeMax retail shops. By its working firms Workplace Depot, LLC; ODP Enterprise Options, LLC; Veyer, LLC; and Varis, LLC, The ODP Company empowers each enterprise, skilled, and shopper to realize extra day by day. For extra data, go to theodpcorp.com.

ODP and ODP Enterprise Options are emblems of ODP Enterprise Options, LLC. Workplace Depot is a trademark of The Workplace Membership, Inc. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, LLC