Facebook announces $100M grant program for small businesses

Facebook announces $100M grant program for small businesses

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/17/facebook-small-business-grants/

Regardless of how COVID-19 pandemic plays out in the coming weeks and months, it’s already been brutal for small businesses, with some of them forced close for public safety, while others are taking a big hit in both revenue and access to credit .

So Facebook announced today that it’s creating a $100 million grant program for small businesses. Applications aren’t open yet, but the company says this will include both ad credits and cash grants that can be spent on operational costs like paying workers and paying rent. It will be available to up to 30,000 businesses in the the 30-plus countries where Facebook operates.

Facebook announces $100M grant program for small businesses

Mar 17, 2020, 4:59pm UTC
https://techcrunch.com/2020/03/17/facebook-small-business-grants/ > Regardless of how COVID-19 pandemic plays out in the coming weeks and months, it’s already been brutal for small businesses, with some of them forced close for public safety, while others are taking a big hit in both revenue and access to credit . > So Facebook announced today that it’s creating a $100 million grant program for small businesses. Applications aren’t open yet, but the company says this will include both ad credits and cash grants that can be spent on operational costs like paying workers and paying rent. It will be available to up to 30,000 businesses in the the 30-plus countries where Facebook operates.