E-commerce Accelerator Incentive
May 22, 2020 - DDA launches E-commerce Accelerator Incentive
A new program that encourages Denison businesses to ramp up their ability to meet the increasing demand for online shopping, transactions and delivery is the focus of a new grant available through the Denison Development Alliance.
The E‐commerce Accelerator Incentive matching grant for E‐commerce marketing and fulfillment will fund up to $6000 of an $8000 project that falls within two levels. Level One (LAUNCH E‐commerce) encourages businesses to gain or improve their ability to conduct business online and begin digital promotions to guide shoppers to their website. Level Two (AMPLIFY E‐commerce) focuses on expanding and growing online sales through enhanced marketing and promotions.
Research shows more vibrant digital businesses in a community leads to higher median incomes and stronger communities. “Retailers, including restaurants, have quickly discovered the need to serve their customers in a different manner. The ability to clearly display products and services through a website or App is critical for this unexpected change in shopping routines and for the future economy,” said DDA Chairman Matt Looney. “By offering this matching grant, we believe Denison businesses will be able to expand their business enterprise and reach new customers through marketing and promotion.”
Business owners who apply will be in complete control of which online sales platform they use, which consultants they engage, and which digital advertising option they incorporate in this six month grant. Applications are accepted year-round while funding is available.
June 25, 2020 - DDA Grant Accelerates Small Business E-Commerce
A high-impact E-commerce Accelerator Incentive Grant Program developed by the Denison Development Alliance (DDA) has awarded 10 grants to help businesses initiate or expand their online marketing and sales, a vital lifeline for shops disrupted by COVID-19.
“Businesses with e-commerce were able to continue some operations while responding to COVID, while those businesses without e-commerce were completely shut down,” said Matt Looney, DDA Chairman. “We had to figure out what we could do as a community to help them become more active online and market resilient. The accelerator program provided new arrows to the business quiver.”
The new program created May 21, inspired by GoDaddy Venture Forward research published in March that concluded “places with more ventures and more highly active ventures experience greater prosperity”, provides $6,000 for e-commerce marketing projects of $8,000 or more. The grant has a six-month timeline, aiming to accelerate recipients’ work with consultants to leverage the online market. For companies launching e-commerce, three-fourths of the money goes for preparation, one-fourth for promotion, with ratios reversed for companies who are amplifying their efforts.
The first 10 grant recipients are an eclectic mix of unique local businesses including Monsters on Main, Gifts of Love, Pop Around the Corner, 2 Chicks Home and Market, CJ's Coffee Café, Sparrows Gallery, Zelda Rose Boutique, The Hangin T, The Desk and Easel and Vintage Mercantile. Each business has developed a unique plan so an array of improvements is underway.
Derrick Roberts, owner of Pop Around the Corner specialty popcorn shop, had just launched online sales when the pandemic closed his store for nearly a month. He received a grant to rebrand and upgrade his website and create an app. “We have a product that not everybody has, so people are willing to order from us online and have it shipped, including international customers,” Roberts said. In April, online sales accounted for two-thirds of the shop’s revenue.
Nitia Musico received a grant to build her first website with e-commerce for Monsters On Main, which is the only store in the country that takes designer fabric remnants and up-cycles them into creative, quirky pillow monsters. “I’m excited that the money has allowed me to do what I’m hoping will be a really good website, really focus on the marketing and spread it around the world,” she said.
“Business owners want to recover from the setbacks, prepare for future unforeseen issues and scale their businesses.” said Melanie Medina, owner of Local Socialight. “What the DDA is doing with these grants encourages them to move forward in recovery from Coronavirus on Main Street and across Denison.”
Wendy Acosta, who recently partnered The Desk and Easel co-working space with national Proximity Space, will use the grant to redesign her website, create a podcast room and revamp her social media. “It’s helping us to focus our planning and giving us some sure footing while we’re headed that direction,” Acosta said. “This is one more way our community is so focused on helping small businesses stay viable.”
“I think this is something every community could be investing in,” said Nate Essin, owner of Undaunted Agency and a consultant who developed an educational webinar with DDA. “It positions businesses for vertical growth far beyond what they could experience as a local business.”
Due to the strong business response, DDA is beginning to prepare for future rounds of funding.
- APPLICATION PACKET - DDA E-commerce Accelerator Incentive
- DDA E-commerce Accelerator Incentive Overview
- DDA E-commerce Accelerator Incentive Flyers
- Why create an E-commerce Accelerator Incentive? GoDaddy Venture Forward - Executive Summary
- Monthly Report Worksheet for DDA E-Commerce Accelerator Incentive