If you own a small businesses impacted by the COVID-19 pandemic, here is where you can get help.
The coronavirus pandemic’s impact on the fashion, beauty and retail industries is staggering, as major retailers have shuttered their doors, halted production and even furloughed most of their employees in response to the virus.
The $2 trillion Coronavirus Stimulus Package signed by President Donald Trump last week also offers respite to small business owners, with a $350 billion federal small business loan program.Amazon has created a $5 million Neighborhood Small Business Relief Fund to offer cash grants to small businesses with fewer than 50 employees or less than $7 million in annual revenue in the Seattle area, including in the South Lake Union, Bellevue and Regrade neighborhoods.
The application process consists of designers and brands submitting videos that show their fashion stories, including how they’ve been impacted by the virus.San Francisco has created the COVID-19 Small Business Resiliency Fund for businesses impacted by the pandemic. The fund grants up to $10,000 to businesses to pay their employees and rent.
The grants will go to about 30,000 businesses across the 30 countries where Facebook has employees. Part of the grants will be “ad credits” that businesses can use to advertise on the social media platform.Google is offering $800 million in grants to support small and medium-sized businesses affected by the COVID-19 pandemic.
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