Applications for 12-Month Program That
Successfully Helped Small Businesses Grow, Save Time and Money in
First Year Now Open in Atlanta, Los Angeles, and Philadelphia
Intuit Inc. (Nasdaq: INTU), the global financial technology
platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and
Mailchimp, in partnership with the Los Angeles Urban League
announced the expansion of the Intuit IDEAS (Invest, Develop,
Empower, Accelerate, and Scale) Program. The program, which began
as a pilot in Los Angeles, will now expand to a total of 100 small
business owners; applications for the three cities are now open in
Atlanta, Los Angeles and Philadelphia.
In the first year, Intuit IDEAS participants on average saw
revenue increase by 23% and saved 16.5 hours per month because of
efficiencies powered by Intuit’s financial technology platform,
with data and AI core to its strategy. They also received help from
Intuit’s human experts along with the know-how and business
coaching from the Los Angeles Urban League. Participants noted that
with time and money saved because of Intuit IDEAS, they now have
time for other areas of their business, spending time with family,
and/or volunteering in their community, all while growing, scaling,
and accelerating their businesses.
“After the tremendous success of the first Intuit IDEAS cohort,
we are thrilled to be expanding the program to new cities,” said
David Graham, Senior Vice President of Customer Success at Intuit.
“At Intuit, we believe everyone deserves the opportunity to
prosper. Small businesses are critical to building healthy
communities. It's essential to provide our local small businesses
and entrepreneurs with the tools and expertise to accelerate growth
and make a significant impact in their community.”
As participants in the Intuit IDEAS program, select small
business entrepreneurs will receive support for email marketing,
executive coaching, business consulting, business compliance,
bookkeeping, tax preparation and more. The program is designed to
help businesses improve their functioning, efficiency, earnings,
and capital readiness by providing participants with Intuit’s suite
of products, services, access to Intuit experts, and a $5,000 grant
upon completion to help them scale their business.
“I am elated that our partnership with Intuit will now expand
across the country,” said Cynthia Mitchell Heard, President and CEO
of the Los Angeles Urban League. “Over the last year, the example
we have set will continue to be a model to fuel the empowerment of
the Intuit IDEAS program and contribute to the growth, development,
and acceleration of small businesses participating in this
innovative and one-of-a-kind partnership.”
“The ‘business’ side of running an enterprise requires dedicated
time and know-how to avoid financial setbacks,” said Nancy Flake
Johnson, President and CEO of the Urban League of Greater Atlanta.
“The IDEAS program has helped to ease the burden on small
businesses in multiple ways—including providing vital Intuit tools
for those that can’t afford in-house teams to handle the books, tax
compliance and marketing required for success.”
“The Urban League of Philadelphia has always understood and
prioritized the role that building strong entrepreneurs plays in
the growth and success of our communities,” said Urban League of
Philadelphia President and CEO, Darrin W. Anderson, Sr., PhD, MS.
“Strong and vibrant businesses help create and strengthen
communities and support families. This expansion is an important
step in the pathway toward the realization of economic autonomy and
upward mobility.”
Intuit IDEAS will provide business counseling to participating
small businesses to help participants leverage the numerous
resources that Intuit will provide. Each participant will also
receive executive coaching from Zella Life, which helps leaders
boost emotional intelligence, soft skills, and resilience.
Businesses interested in participating in the program should
complete an application and register with their respective Urban
League Entrepreneurship Center.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With
approximately 100 million customers worldwide using products such
as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe
that everyone should have the opportunity to prosper. We never stop
working to find new, innovative ways to make that possible. Please
visit us at Intuit.com and find us on social for the latest
information about Intuit and our products and services.
About the Los Angeles Urban League
The mission of the Los Angeles Urban League, which is an
affiliate of the National Urban League, is to help African
Americans and others in underserved communities achieve their
highest true social parity, economic self-reliance, power, and
civil rights. The League promotes economic empowerment through
education and job training, housing and community development,
workforce development, entrepreneurship, health, and quality of
life. https://laul.org/
About Urban League of Greater Atlanta
The Urban League of Greater Atlanta has operated since 1920 with
the mission of promoting civil rights and economic justice for
Black people and others in marginalized communities. The Urban
League of Greater Atlanta works in partnership with public,
private, and civic organizations to close the racial wealth gap. It
delivers results through programs that focus on education,
legislative advocacy, workforce development, homeownership,
entrepreneurship and small business growth, economic development,
and civic engagement. https://ulgatl.org/
About Urban League of Philadelphia
The mission of the Urban League of Philadelphia is to help Black
Americans and others in historically underserved and marginalized
communities achieve their highest level of social parity, economic
self-reliance, power, and civil rights. We advance economic
empowerment through youth education and job training, housing and
community development, workforce development and reentry,
entrepreneurship, health equity, and quality of life.
https://www.urbanleaguephila.org/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240620637096/en/
Intuit Tania Mercado tania_mercado@intuit.com
Los Angeles Urban League Ron Carter tca@sbcglobal.net
Los Angeles Urban League Rona Menashe rona@guttmanpr.com
Urban League of Greater Atlanta Tiffany Carter
tcarter@ulgatl.org
Urban League of Philadelphia Kyle Anderson
KDAnderson@cozen.com
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Jul 2024 to Aug 2024
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Aug 2023 to Aug 2024