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Salute to Small Business Awards - Business Success Award

COMMERCE LEXINGTON INC

Foundation Annual Small Business Grants

Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Salute to Small Business Awards - Business Success Award

Funder: Commerce Lexington Inc., Lexington, Kentucky

Program Overview:
Commerceision Lexington Inc. has honored small business contributions to the economy since 1986. This is one of four award categories in the Salute to Small Business Awards program.

Award Category Focus:
The Business Success Award exemplifies both business and civic leadership. It recognizes the best small businesses within a community that not only provide exceptional products or services but have become part of the community fabric.

Primary Evaluation Criteria:

  • Community involvement

  • Good management practices

  • Overall financial performance

  • Workplace culture and employee relations

  • Unique aspects of business (enhanced services, workplace flexibility, logistics adjustments, expansion efforts)
  • Eligibility Requirements:

  • Must be an active member of Commerce Lexington Inc.

  • Must have completed three (3) or more full years of operation in the local market

  • Must have fewer than 150 employees (full-time or combination of full- and part-time)

  • Small businesses can apply for ONE award category only

  • Past Category and overall Small Business of the Year award recipients are NOT eligible to reapply for 5 years from the date of their award presentation
  • Geographic Scope:
    Lexington, Kentucky area (seven-county Lexington MSA)

    Application Confidentiality:
    Applications are kept confidential.

    Selection Process:

  • Applicants are judged by a selection committee

  • Winners are selected for each of the four categories

  • Category winners' names are released approximately one month prior to the Salute to Small Business Awards Luncheon

  • The Small Business of the Year is then selected from the category winners (excluding nonprofit of the year) and announced at the awards luncheon
  • Contact Information:
    Commerce Lexington Inc.
    330 East Main Street, Suite 100
    Lexington, Kentucky 40507
    Phone: (859) 254-4447

    How to Apply

    Application Process

    How to Apply:
    1. Visit the Commerce Lexington website to access the Salute to Small Business Awards application
    2. Complete the streamlined application form (Commerce Lexington has reduced redundancy in the application)
    3. Describe the success of your business, focusing on the Business Success Award category criteria
    4. Submit by the deadline

    Required Information:

  • Business information and membership confirmation

  • Description of unique aspects of your business including:

  • - Enhanced services for customers
    - Workplace flexibility initiatives
    - Logistics adjustments
    - Expansion efforts
  • Evidence of community involvement

  • Information about management practices

  • Financial performance details

  • Workplace culture and employee relations information
  • Submission Requirements:

  • Applications must be submitted through Commerce Lexington

  • Only ONE award category per business

  • Applications kept confidential
  • Note: Specific application details (narrative questions, submission format, exact deadline) were not provided in the available website content. Contact Commerce Lexington directly for complete application instructions.

    Focus Areas & Funding Uses

    Fields of Work

    small-businesses

    Categories

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