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Sears Holdings Launches Small Business Grant Competition

Based outside of Chicago, Illinois, Sears Holdings, the parent company of retail chains Sears and Kmart, is offering four small business grants of $5,000 each in a competition called "Tu Empresa, Tu Futuro" - which is spanish for "Your Company, Your Future".

Targeting Hispanic adults (who, by the way, represent the chain's largest consumer demographic), the company has tapped popular talk show host Cristina Saralegui, who recently launched bed and bath collections at the company's stores, to help promote the project.

The competition is open to all U.S. citizens and or legal permanent residents who are 18 years old and older, and who have owned their own business for at least 12 months. Applicants must be able to provide proof of income under their company name.

After completing an online form, contestants must submit a brief essay (in 100-250 words) describing what inspired them to start their business and how it helps their community.

The deadline is December 31, 2010.

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