This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Intuit Launches ‘Love Our Local Business’ To Help Entrepreneurs Succeed

Stocks in this article: INTU

A little love goes a long way. To help small businesses survive and thrive in a tough economy, Intuit Inc. (Nasdaq: INTU) will grant a wish a day, valuing up to $5,000 each, to 15 businesses through its Love Our Local Business program this holiday season.

Small businesses in the United States and Canada can submit their wishes at LoveOurLocalBusiness.com and then rally their fans to vote for their submissions. Intuit will fulfill one wish a day from December 3 - 21.

Surviving, Not Thriving

Based on an October 2012 Intuit Small Business Survey, 87 percent of small businesses said their businesses are either struggling to survive, or surviving but not growing. Forty-seven percent of respondents said a $5,000 infusion would significantly help or even save their businesses.

“Succeeding in trying economic times is a month-to-month struggle for our small business customers, but they’re a passionate and resilient group,” said Ken Wach, vice president of marketing for Intuit’s Small Business Group. “Small businesses not only drive national economic growth, they’re integral to defining local communities and shaping national culture. We value small businesses and support them to pursue their passions.”

Gifts That Keep on Giving

For small businesses, this holiday season isn’t looking cheerful. The Intuit survey found that:

  • 23 percent rated winter as the most financially difficult time of year – more than any other season.
  • 41 percent ranked “paying my bills” as their No. 1 concern that keeps them up at night about their businesses.
  • 53 percent said they believe the economy is slowly recovering but that their businesses are surviving, not growing.
  • 34 percent agreed that the economy is poor, and their businesses are struggling to survive.

Amidst economic hardship, small businesses are resourceful:

  • 35 percent said $5,000 would significantly help their businesses.
  • 12 percent said $5,000 would save their businesses.

What would they buy with $5,000 for their businesses?

  • 27 percent would put it toward marketing.
  • 16 percent would use it to cover operating costs, such as paying rent or a mortgage.
  • 15 percent would spend it on technology, such as computers or software.

The new Love Our Local Business effort grows out of Intuit’s Love a Local Business program, which awarded approximately $1.2 million in grants and prizes to more than 100 U.S. small businesses since July 2009.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs