As thousands of small businesses across the country are being impacted by the spread of COVID-19, Facebook has announced a new grant to help support these companies.
Today, Facebook announced a $100 million program to provide cash grants and ad credits to those small businesses affected. The announcement said, “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.”
Available for up to 30,000 eligible small businesses across 30 countries, the grants would average $3,333 per business. More information is forthcoming along with information on how to submit applications.
Facebook says its goal is to help small businesses offset costs including rent, operational costs, workforce retention, and connecting with their customer base.
You can find more information about this grant program here.
Additionally, Facebook has put together additional resource tools that you may find valuable as you move through this challenging time.