Amazon creates $5M relief fund to aid small businesses in Seattle impacted by coronavirus outbreak

Amazon creates $5M relief fund to aid small businesses in Seattle impacted by coronavirus outbreak

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/10/amazon-creates-5m-relief-fund-to-aid-small-businesses-in-seattle-impacted-by-coronavirus-outbreak/

Amazon, along with many other tech companies, said it would continue to pay its hourly employees as its work from home policies were in effect. It also said it was subsidizing rent for businesses inside the buildings it owns. Today, Amazon announced it’s creating a $5 million Neighborhood Small Relief Fund to provide cash grants to local small businesses in need during the novel coronavirus outbreak, as well.

The fund will be directed towards small businesses with fewer than 50 employees or less than $7 million in annual revenue, and with a physical presence within a few blocks of Regrade and South Lake Union office buildings. The businesses must be those that are open to the general public and that are reliant on foot traffic for customers.

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