INGLEWOOD (2UG) – Intuit announced a new program, Intuit Ideas, to support L.A.’s Black and Latino small businesses.
David Graham, vice president of Intuit Expert Network made the announcement in Inglewood last week although it first hit the news in June.
“Small businesses are critical to building healthy, local communities. That’s why it is so important to ensure they have the tools and expertise to grow and hire. At Intuit we believe that our AI-driven platform combined with our human expert network will make a significant impact on program participants, the community, and beyond,” said David Graham, Vice President of the Intuit Expert Network. “We are honored to be a part of this journey, understanding that Intuit tools will continue powering prosperity for local entrepreneurs, and look forward to providing expertise that will set participating businesses on a path to success.”
Intuit, which makes TurboTax, Credit Karma and QuickBooks, among others, will provide support through the program for 30 local minority-owned entrepreneurs partly by connecting them to Intuit experts, professional coaches, and counselors. Those who successfully complete the 12-month program will receive a $10,000 grant.
To inquire about participating in the program contact the Los Angeles Urban League.
Intuit IDEAS will focus on small businesses that are geographically diverse and minority or women-owned. At the conclusion of the 12-month cycle, Intuit will also provide participants with a $10,000 grant to continue to accelerate program participants’ continued business growth.
Intuit has invested more than $1 million in Los Angeles-area school districts including Inglewood, Compton, and Los Angeles Unified School Districts to develop financial literacy and job readiness programs to empower the next generation of students to learn about finances and entrepreneurship.
Last year, Intuit partnered with the Suh Family Foundation, co-founded by NFL player, Ndamukong Suh, and his wife, Katya Suh, to provide Intuit’s Financial Literacy Foundations course to students in the Los Angeles area and has engaged in several events with the foundation.
