U.S. Chamber announces ‘Save Small Business Fund’
On Wednesday, The U.S. Chamber of Commerce Foundation announced they have launched the launch of the Save Small Business Fund, a grant program to provide assistance to small businesses owners impacted by the ongoing COVID-19 pandemic.
Funded by contributions from corporate and philanthropic partners – including Vistaprint, Merck, S&P Global Foundation and Travelers – 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.”
Selma Dallas County Chamber of Commerce Executive Director Sheryl Smedly called the fund a big opportunity for the small business owners of Selma.”
“Small businesses are the backbone of our economy,” she said. “Not just here, but everywhere.”
Smedley encourages all Dallas County small business owners to consider applying.
“During these trying and difficult times, small businesses shouldn’t second guess themselves,” she said. “I think they should apply for all the assistance they can get.”
The Save Small Business Fund is part of the U.S. Chamber of Commerce’s Save Small Business Initiative — a nationwide program to address small businesses’ immediate needs, mitigate closures and job losses, and mobilize support for long-term recovery.
According to the U.S. Chamber of Commerce Foundation, Grant applications open on 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, criteria Smedley says that many businesses in Dallas County adhere to.
“Just going down Broad Street, I can’t think of many businesses that don’t fall within that niche,” Smedley said.
Grants will be awarded weekly on a rapid and rolling basis until all funds have been disbursed.
To apply for a grant, visit www.savesmallbusiness.com.