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Contest Gives Small Businesses A Chance to Win Big

money . / Credit: Money Image via Shutterstock

A new contest is giving small businesses a chance to win in a big way. That contest sponsored by FedEx is giving away a total of $50,000 in grants to small businesses. 

Businesses can enter by creating a profile at the contest webpage. Businesses must then answer three questions describing their business, explaining why they deserve a grant and stating what they will do for their business with the money if they win.  Participating businesses must then promote their profiles online and the winners will be determined by a vote which lasts from Oct. 1 to Nov. 24. 

The grand prize winner will receive $25,000 in grant money and five runner-ups will each receive grants of $5,000. in December FedEx will pick the top 100 finalists based on their profile and the number of votes they receive on Facebook. The winners will be announced in January.  

"FedEx has long recognized that small businesses are incredibly vital to the health of both the global economy and local communities," said T. Michael Glenn, executive vice president of Market Development at FedEx.  "Providing these grants is yet another way for FedEx to show our support for small businesses as we continue to create programs to help give them a head start and access to new opportunities."

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