Progressive Insurance® Awards $250,000 to Hispanic Entrepreneurs Through Driving Small Business Forward Grant Program

10 recipients will receive money to use to purchase a vehicle for their business

MAYFIELD VILLAGE, Ohio, Oga. 16, 2022 /PRNewswire/ — Progressive Insurance®, the largest auto insurance in the United States, has announced the 10 recipients of its Driving Small Business Forward and Hello Alice grants in support of Spanish entrepreneurs. Every small business owner is given a $25,000 finance the purchase of a commercial vehicle for their business.

Hispanic entrepreneurs start more businesses than any other group in the US, but they struggle to get traditional loans and navigate other obstacles according to a recent study. report from McKinsey & Company. With the Driving Small Business Forward grant program, Progressive is providing assistance to help close these gaps for Hispanic entrepreneurs who need funding but don’t always have access to the same resources.

“At Progressive, we recognize the challenges and challenges that come with owning a small business,” he said Karen Bailo, President of Commercial Lines at Progressive Insurance. “The Driving Small Business Forward grant program is one way we want to support entrepreneurs on their small business journey and look forward to seeing what happens to these deserving individuals.”

The full list of 2022 Driving Small Business Forward grant recipients includes:

Progressive partnered with business startup Hello Alice to run a sponsorship program.

“The Progressive Driving Small Business Forward program shows the benefits that large corporations can have in supporting small businesses that contribute to economic development. We are happy to support Progressive by providing these funds to Spanish business promoters to purchase commercial vehicles. and provide them with training, community members , and the things they need to grow their business,” he said Elizabeth GoreCo-founded and President of Hello Alice.

To learn more about each host, visit

Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other security requirements. Progressive offers choices so that consumers can find us anytime, anywhere and where it’s convenient – online progressive.comby phone at 1-800-PROGRESSIVE, by cell phone or in person with a local agent.

Progressive offers personal and commercial auto insurance for cars, motorcycles, boats, recreational vehicles, and homes; is the third largest auto insurance company in the country, by sales a motorcycle and commercial auto insuranceis one of the top 15 home owners insurance carriers.

Founded in 1937, Progressive continues a long history of providing shopping tools and services that save customers time and money, such as Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, publicly traded on the NYSE: PGR.

About Hello Alice
Hello Alice is a free, multichannel platform that helps businesses start and grow. With a community of over 600,000 business owners in all 50 states and around the world, Hello Alice is building the largest community of business owners in the country while following trends to increase business success. Partners include business services, government agencies, and organizations that want to help small and medium-sized business owners ensure they are more profitable and encourage growth. A Latina company, founded by Carolyn Rodz and Elizabeth Gore, we believe in business for all by providing opportunities for all owners including women, people of color, veterans, and anyone with an entrepreneurial spirit. For more information, visit www.helloalice.comalso Twitter, LinkedIn, Instagramand Facebook.

SOURCE Progressive Insurance