Facebook Announced $100 Million in Funding for Small Businesses

Facebook Announced $100 Million in Funding for Small Businesses
Regardless of how the COVID-19 pandemic will evolve in the coming weeks and months, it is already cruel for small businesses, some of them for public safety Forced to shut down, while others took major steps. Both income and credit.

As a result, Facebook announced today that it will create a $ 100 million grant program for small businesses. Applications have not been opened, but the company said it would include advertising credits and cash grants that could be used to cover operating costs such as paying workers and rent. Facebook will operate up to 30,000 businesses in more than 30 countries.

Facebook has also created a business hub with tips and resources for businesses to survive the outbreak.

"We want to do more," Chief Operating Officer Sheryl Sandberg said in a Facebook post. "Our company's team is helping businesses every day. We are looking for other ways to host virtual training-and will share more information in the coming weeks-and we are looking for more ways to help people through our free electronics Learning training program Blueprint to connect and learn to use technology. "

In addition, the company announced today that it will partner with the Lenfest Institute for Journalism and the Local Media Association to provide grants totaling $ 1 million for U.S. and Canadian newsrooms that need more resources to properly respond to the epidemic. These personal grants are up to $ 5,000.

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

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