US Chamber Foundation Announces Save Small Business Fund
To extend a helping hand to small businesses suffering from the impacts of the coronavirus pandemic, the U.S. Chamber of Commerce Foundation – in partnership with Vistaprint and a coalition of supporting companies, foundations, and philanthropic donors – is working to provide financial relief through the Save Small Business Fund.
To apply, you must run a small business or chamber of commerce with between 3-20 employees (not including independent contractors). The business must be located in an economically vulnerable community. This is defined as the bottom 80% of the most economically distressed zip codes in the United States, as ranked by the Distressed Communities Index. Before starting the application, you will be asked for the zip code where you are registered by the IRS as doing business, which will confirm your eligibility.
The Distressed Communities Index is a measure of the economic well-being of U.S. communities, developed by the Economic Innovation Group. Just as some businesses face higher risks than others, some communities are more vulnerable. This Fund is dedicated to helping employers in the places that need them most.
The grant application will go live on Monday, April 20 at 12:00 PM PT/3:00 PM ET. To learn more about the Save Small Business Fund and to apply for a grant, visit www.savesmallbusiness.com.