Finance

Intuit Amplifies IDEAS Program to Bolster Small Businesses

Published June 22, 2024

Intuit Inc. (NASDAQ: INTU, a leader in financial software, has officially announced the broadening of its Invest, Develop, Empower, Accelerate, and Scale (IDEAS) Program. This initiative is designed to provide substantial support to the small business community and will now be reaching an increased number of entrepreneurs thanks to its partnership with the Los Angeles Urban League. The IDEAS Program, which had its initial run as a pilot in Los Angeles, has set an ambitious goal: to extend a helping hand to 100 small business owners now that it is gaining momentum.

IDEAS Program: Nurturing Small Business Growth

The enhanced IDEAS Program is a reflection of Intuit's ongoing commitment to empowering small businesses. By focusing on investment, development, empowerment, acceleration, and scaling, Intuit aims to provide the necessary tools and resources for small businesses to thrive. This program is particularly beneficial for minority-owned businesses that often face disproportionate challenges in the business landscape. Through customized mentorship, financial assistance, and business advisory services, participating companies can expect to see a tangible impact on their operational success.

Intuit's Strategic Partnership with Los Angeles Urban League

The expansion of the IDEAS Program is made possible through a strategic partnership with the Los Angeles Urban League, a renowned organization that advocates for economic empowerment among African Americans and other minority groups. Together, Intuit and the Los Angeles Urban League are poised to make significant inroads in leveling the playing field for small business owners who are part of these communities. The collaboration underscores Intuit's broader corporate social responsibility goals of fostering inclusive economic growth and promoting diversity within the small business ecosystem.

A Look at Intuit's Comprehensive Approach

Intuit Inc., noted for its popular financial solutions like TurboTax, Mint, and QuickBooks, is no stranger to the challenges faced by small businesses. Intuit's comprehensive approach to support includes providing businesses with access to its suite of products, which are designed to streamline financial processes and enhance overall efficiency. The IDEAS Program extension is a natural extension of the company's vision to revolutionize financial management for small businesses, paving the way for their sustained progress and long-term profitability.

intuit, investment, small-business