Facebook Announces Grants for Small Businesses in Wake of COVID-19
Facebook recently announced the Small Business Grants Program in response to COVID-19’s effect on small businesses. As COVID-19 continues to disrupt small businesses around the world, Facebook will offer $100M in cash grants and ad credits to small businesses to:
- Keep your workforce going strong
- Help with your rent costs
- Connect with more customers
- Cover operational costs
Applications for eligible businesses will become available starting this week.
Who is eligible for Facebook’s Small Business Grants Program?
Up to 30,000 eligible small businesses in more than 30 countries where Facebook operates will be eligible to apply for the grant. To be eligible to apply, businesses must:
- Have between 2 and 50 employees
- Have been in business for over a year
- Have experienced challenges from COVID-19
- Be in or near a location where Facebook operates
For a full list of available locations, refer to Facebook’s Small Business Grants Program website. International locations will be announced soon; domestic locations include:
- Bay Area, CA
- Los Angeles. CA
- Northridge, CA
- New York, NY
- Seattle/Redmond, WA
- Austin, TX
- Dallas, TX
- Fort Worth, TX
- Chicago, IL
- Washington D.C.
- Atlanta, GA
- Newton County, GA
- Miami, FL
- Boston, MA
- Denver, CO
- Pittsburgh, PA
- Detroit, MI
- Ashburn, VA
- Richmond, VA
- Huntsville, AL
- Altoona, IA
- Prineville, OR
- Forest City, NC
- Los Lunas, NM
- Eagle Mountain, UT
- New Albany, OH
- Papillon, NE
Facebook plans to grant of $4,000 ($2,500 in cash and $1,500 in ad credits) to eligible businesses.
“The Facebook grant is a great move for brands and advertisers that are currently being affected due to the current climate (COVID-19). Initially, when I first heard about it I thought it was going to be all ad spend credit but that’s certainly not the case with Facebook supporting small businesses with $2500 for day to day operations. The additional $1500 for ad spend can be used to either prospect new business or re-engage past customers to remind them about their brand.”
– Jostin Munar, Director, Talent Development, Growth Media, Tinuiti
Additional Facebook resources for small businesses affected by COVID-19
Facebook also created a Business Resource Hub for businesses “managing through and building resilience during the coronavirus (COVID-19) outbreak.”
“At Facebook, we’re working to keep people safe and informed about the recent outbreak of coronavirus (COVID-19). We know that as members of the communities you serve, businesses like yours may also be experiencing unexpected challenges, and we’re committed to providing as much support as possible.” – Facebook Business Resource Hub
The resource hub includes information on the Small Business Grants Program and how to apply for a COVID-19 relief loan through the SBA. Facebook’s Resource Hub includes:
- Industry-specific guides to adapt and respond to changing environments
- A “resilience toolkit” to identify essential business activities and create a disaster response plan
- A “quick action guide” to plan an emergency response and minimize downtime
- Free tools to keep businesses connected with their customers and communities
- Tools for remote workforces
- OHSA and CDC resources
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