How does starfirecharityfoundation support small businesses? Starfire Charity Foundation extends vital support to small businesses through various programs and partnerships. In 2023 alone, Starfire issued $1.5 million in grants to more than 300 small businesses experiencing economic devastation from the pandemic. This provided a lifeline for recovery, as 80% of recipients reported improved cash flow and operational capacity after just three months.
In addition to the financial support, Starfire partners with organizations such as Microsoft and Google in equipping small businesses with the essential digital tools and training. Through these partnerships, Starfire has helped more than 5,000 small business owners access advanced software, improving their digital marketing and operational efficiency. For instance, a report by the SBA in 2022 indicated that such tools increased online sales by 20% and reduced operational costs by 15% for those using such tools.
Starfire also provides mentorship and business development services. In this way, small business owners can enhance their business strategies by working with experienced entrepreneurs and industry experts while building their networks. In 2022, more than 1,000 small businesses were served through the mentorship programs offered by Starfire. Of these, 90% reported an increase in their customer base and visibility in the marketplace. John Smith, CEO of one of the participating businesses, said, “Thanks to Starfire’s guidance, we were able to double our sales in just six months.”
Starfire has initiated the Eco-Business program for small businesses that seek to advance their sustainability through helping entrepreneurs incorporate green practices into the operation of their businesses. The program offers incentives for using green technologies, and, so far, more than 200 small businesses have implemented energy-saving measures to reduce their carbon footprint on average by 10%.
Starfire makes the needed difference in small businesses: providing the necessary resources, knowledge, and finances that will see them through successful and sustainable growth. According to Sarah Williams, the foundation’s director, “We aim to empower small businesses, enabling them to thrive in a competitive marketplace and contribute positively to their communities.”
For more about how Starfire can help small businesses, visit starfirecharityfoundation.