Facebook to Offer $100M in Cash Grants for Small Businesses Impacted by Coronavirus
According to statistics from Fundera, there are around 28 million small businesses in the U.S. And since most of the promotional products industry is made up of small businesses, too, the uncertainty surrounding the spread and containment of COVID-19 has instituted a new, and certainly challenging, existence for them. Facebook is looking to offer some relief through $100 million in grants aimed at assisting small businesses in more than 30 countries.
Small businesses are the heartbeat of our communities. To help during this time of crisis, Facebook is offering $100M in cash grants & ad credits for up to 30k small businesses in over 30 countries where we operate. A note from our COO Sheryl Sandberg: https://t.co/fUVJkVUbZo
— Facebook (@Facebook) March 17, 2020
Relief efforts to support the financial sustenance of struggling parties across various walks of life have thus far been heartwarming, and this commercial gesture by Facebook figures to be well-received news for places that might be wondering what the rest of 2020 might yield for their identity as goods and services providers. Up to 30,000 eligible small businesses will earn cash grants and ad credits, with the social media heavyweight mentioning via a blog post that it will begin taking applications in the coming weeks.
To businesses seeking assistance, Facebook promises an assortment of means to help them. The blog cites keeping a location’s workforce going strong, helping with rent costs, connecting with more customers and covering operational costs as some examples of what the grants could end up doing.
We will be following the process through which Facebook awards the grants and credits. Should you come to benefit from the assistance, we would appreciate learning about your situation, how Facebook reacted to your outreach and what comes of your grants and/or ad credits.