Deadline: February 28, 2025
Applications are open for the Hiring Our Heroes’ Small Business Grant Program 2025. Hiring Our Heroes’ Small Business Grant Program will honor the achievements of veteran- and military spouse-owned small businesses, highlighting their impact and contributions to local communities and America’s economic growth.
This program was made possible through the generosity of the FedEx Founder’s Fund, part of the Community Foundation of Greater Memphis, and USAA Small Business Insurance.
Grant
- The program will award five such businesses with a one-time $10,000 grant to be used to grow and support their business.
Eligibility
To be eligible to apply for the Grant Program, an applicant must be:
- A legal resident of and currently reside in the contiguous 48 states, Alaska and/or Hawaii; and
- A 51% or more owner of a for-profit business owned by an honorably-discharged veteran or military spouse with 3 to 20 employees including the owner, all full or part-time employees, and independent (1099) contractors. For the purposes of this program, veteran or military spouse means:
- any person who previously served in the active duty, National Guard or Reserve components of the Army, Navy, Marine Corps, Air Force, Space Force or Coast Guard and has an honorable discharge;
- any person who currently serves in National Guard or Reserve component of the Army, Navy, Marine Corps, Air Force, Space Force or Coast Guard; or
- any person who is presently married to a current member of the Army, Navy, Marine Corps, Air Force, Space Force, Coast Guard, or any National Guard or Reserve components of the military; and
- An owner of a small business with less than $5 million in annual revenue and located in an economically vulnerable community, or the business can otherwise demonstrate financial need brought on by hardship beyond the owner’s control. Economically vulnerable communities are defined as any community in a zip code that receives a “stress score” of 40 or greater, as measured by the Distressed Communities Index.
Application
Applicants must submit their entry before 11:59 pm EDT on February 28, 2025.
For more information, visit Hiring Our Heroes’ Small Business Grant.
