LivingSocial and Chase Launch $250,000 Business Grants Program

A new program, sponsored exclusively by Chase and LivingSocial, is giving entrepreneurs a chance to compete for $250,000 in small business grants. The competition requires them to convince a panel of peers and small-business mentors that they deserve the funding by answering a series of questions that identify their motives and outline their plans.

Because the program is intended to help small firms with immediate growth potential get their hands on the capital and marketing resources that they need, contestants will be required to share why their business is unique, outline a proposed plan for utilizing the grant to grow their business, and describe how the business is involved with its community.