Facebook Offers $40 Million to Small Businesses Amid COVID-19 Crisis

The social media giant is also launching a gift card program and additional fundraising options

Upgrade your sales funnel with expert insight at Commerceweek, Feb. 28-29. Broaden your audience with improved data technology and a seamless purchase experience. Register now at 50% off.

Amid the coronavirus crisis in the United States, the private sector has driven a large part of the nationwide response, from private warehouses to pick up and delivery operations to grocery stores. Pharmaceutical companies are developing potential therapeutics and vaccines, manufacturers are volunteering to produce personal protective equipment and videoconferencing apps are breaking down barriers between our formerly separate home and office lives. This is all outside of President Donald Trump’s reluctant use of the Defense Production Act.

Social media giant Facebook announced Thursday evening that it would continue its support of America’s small businesses with a $40 million grant, providing new grants to 10,000 small businesses in 34 locations where Facebook employees live.



Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in