Verizon Earns Title of Corporate Small Business Champion of the Year in California

Verizon Named Corporate Small Business Champion of the Year

On May 21, 2026, the California Small Business Development Center (SBDC) Network celebrated Verizon for its outstanding contributions to the small business community by naming it the Corporate Small Business Champion of the Year. This prestigious recognition acknowledges Verizon's ongoing efforts to empower small business owners and stimulate economic growth throughout California and beyond.

Verizon's dedication to supporting small enterprises is evident through its innovative Small Business Digital Ready program. This initiative offers entrepreneurs complimentary access to expert training, essential digital tools, mentorship opportunities, and even grants designed to enhance the capabilities and functionalities of small businesses. By collaborating with the California SBDC Network, Verizon connects business owners and aspiring entrepreneurs with valuable resources necessary for success.

Jim Gowen, Verizon's Senior Vice President, New Revenue Generation and Chief Sustainability Officer, emphasized the company's commitment to local economies by stating, "By helping small businesses succeed and thrive, we are investing directly in local economies, particularly in key states like California." This statement reflects Verizon's understanding of the critical role local businesses play in bolstering their communities and the economy.

The contribution of Verizon is not limited only to programmatic support; it has also made a significant financial commitment to the small business sector. The company announced a remarkable pledge of $5 billion in supplier diversity and procurement spending across the nation, with $500 million allocated specifically to California. This initiative aims to create meaningful pathways for small businesses, allowing them to engage effectively in major corporate supply chains, thereby enhancing their growth potential.

Together, the California SBDC Network and Verizon are dedicated to identifying qualified businesses and providing them with the necessary support during the bidding process, ensuring they are well-equipped to handle contracts and opportunities that arise from corporate partnerships.

Kristin Johnson, Executive Director of the Norcal SBDC, shared her thoughts on Verizon's significant investment in small businesses: "What sets Verizon apart is the depth of its investment in small businesses. They aren't just offering resources; they are actively helping businesses enter larger markets and compete at higher levels." This collaborative effort has been instrumental in fostering greater confidence among small business owners, providing them with a framework for sustainable growth and development.

Verizon was honored for this accolade during the California Salute to Small Business event held on May 13th in Sacramento. The event brought together legislators, small business leaders, and various partners to celebrate the success and resilience of small businesses in the state.

The California SBDC Network serves as a vital resource, aiding entrepreneurs and small business owners by providing essential tools and guidance necessary for their success. By offering no-cost one-on-one advising, resource availability, and tailored training, the SBDC empowers business leaders to launch, grow, and flourish throughout California.

For anyone looking to learn more about the California SBDC Network and the resources available for small businesses, further information can be found at californiasbdc.org.

In summary, Verizon's recognition as the Corporate Small Business Champion of the Year reflects not only its significant contributions to the small business ecosystem but also underscores the company's unwavering commitment to fostering economic opportunity and resilience across the country. With supportive programs and substantial investments, Verizon continues to play a pivotal role in shaping the future of small businesses in California and beyond.