New fund offers grants to small-business community
The U.S. Chamber of Commerce Foundation has launched the Save Small Business Fund, a grant program to provide assistance to small-business owners impacted by the coronavirus pandemic. Funded by contributions from corporate and philanthropic partners, the foundation will distribute $5,000 grants to small employers in economically vulnerable communities in the United States and its territories.
“Small-business owners are facing unprecedented challenges. The needs are urgent and every dollar counts,” said Carolyn Cawley, president of the U.S. Chamber Foundation. “While the demand is great, we’re proud to be able to contribute to the many efforts underway to help small employers get through the next days and weeks and on the road to recovery for their communities.”
The Save Small Business Fund is part of the U.S. Chamber of Commerce’s Save Small Business Initiative — a nationwide program to address immediate needs for small businesses, mitigate closures and job losses and mobilize support for long-term recovery. The foundation is launching the fund with support from founding partner Vistaprint and additional donations from supporting partners Merck, S&P Global Foundation and Travelers.
“Small businesses are the soul of every community, and right now our communities are facing hardship,” said Vistaprint CEO Robert Keane. “I started Vistaprint out of my apartment 25 years ago, and I know firsthand how hard it is for small-business owners. I have been — and continue to be — amazed by their passion, resilience and ability to persevere through change. As a champion and marketing partner for small businesses, Vistaprint is there when the challenges hit, and we are doing all we can to help them stay in business. We are proud to be partnering with the U.S. Chamber of Commerce Foundation to provide a lifeline during this time.”
Grant applications open April 20. To qualify, applicants must employ between three and 20 people, be located in an economically vulnerable community and have been harmed financially by the COVID-19 pandemic. Grants will be awarded weekly until all funds have been disbursed.
To learn more about the Save Small Business Fund or apply for a grant, visit savesmallbusiness.com.