The U.S. Chamber of Commerce launched a fund to provide assistance to small businesses in the form of $5,000 grants.
The Save Small Business Fund -- in collaboration with Vistaprint and with support from Merck, S&P Global Foundation, and Travelers -- will include contributions from corporations and philanthropies. The grant is expected to address small businesses’ immediate needs such as closures and job loss and will support their long-term recovery.
Applications for the Chamber’s fund will open on April 20, 2020.
In order to qualify a business must:
· Employ between 3 and 20 people
· Be located in an economically vulnerable community
· Have been harmed financially by the COVID-19 pandemic
"It is hard enough to be a small business owner – only about half of all small businesses with employees make it to their five-year anniversary. Add in the coronavirus and measures we have adopted to halt its spread, and you are looking at an existential threat that could wipe out millions of small businesses." - US Chamber of Commerce