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Major Corporations Unite to Support Small Businesses Across the US with Free Online Resource Website

Strategic Insights

— 2 min read

Allstate, Capital One, LegalZoom, Microsoft, Office Depot, and Web.com have joined forces to launch Small Business Connection (SBC), a free online resource hub designed to empower small business owners by addressing and helping to solve their critical business issues. This unprecedented collaboration brings together leading companies from the banking, insurance, legal, office supply, internet marketing, and technology sectors to provide a comprehensive knowledge base and expert advice to small businesses.

Key Takeaways:

  • Small businesses make up nearly 50% of private-sector payroll, representing more than 28 million companies in the US.
  • Small businesses have a significant economic impact, with nearly half of all new establishments surviving five years or more and about one-third surviving 10 years or more.
  • Small Business Connection is a freely accessible web portal featuring valuable information and thought leadership on various aspects of running a small business, including commercial and employee benefits solutions, cash flow management, modern legal solutions, technology-enabled business growth, office supplies and services, and internet services and online marketing solutions.
  • Partner companies are leaders in their respective industries, providing a unique combination of knowledge, resources, and expertise to support small businesses.
  • The Small Business Administration's programs and initiatives aim to support small businesses, including the Women's Entrepreneurship Finance (WeF) initiative and the Small Business Innovation Research (SBIR) program.
  • The collaboration between Small Business Connection's partner companies will provide small businesses with a broad base of knowledge, unbiased business advice, and access to valuable resources and services.
  • The partners have a strong commitment to supporting small businesses, with Allstate Business Insurance providing insurance solutions, Allstate Benefits offering voluntary insurance products, Capital One offering financial education resources, LegalZoom providing modern legal solutions, Microsoft helping small businesses realize their full potential, Office Depot offering office supplies and services, and Web.com providing website design and management services.
  • Small Business Connection has the potential to transform the way small businesses access information, resources, and services, enabling them to grow, succeed, and thrive in the ever-changing economy.

Statistics:

  • 28 million small businesses in the US represent nearly 50% of private-sector payroll (Source: Small Business Administration).
  • Small businesses have a significant economic impact, with nearly half of all new establishments surviving five years or more and about one-third surviving 10 years or more (Source: Small Business Administration).
  • Small businesses support local communities, creating jobs and enriching the communities they live and work in (Source: Small Business Administration).
  • Partner companies have a combined revenue of over $205 billion, making them a significant force in the US economy (Source: Financial reports of partner companies).
  • Small Business Connection aims to provide small businesses with access to a broad base of knowledge, unbiased business advice, and valuable resources and services, helping them to grow, succeed, and thrive in the ever-changing economy.

Sources:

  • Small Business Administration
  • Allstate Business Insurance
  • Allstate Benefits
  • Capital One
  • LegalZoom
  • Microsoft
  • Office Depot
  • Web.com
  • PR Newswire (http://www.prnewswire.com/news-releases/major-corporations-team-up-to-support-small-businesses-across-the-us-with-free-online-resource-website-300076457.html)

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