Facebook established two grant programs, committing $100M in Grants for Small Businesses across the globe and $40M for Black-owned businesses in the US

  • Share:
September 30, 2020
Facebook established two grant programs, committing $100M in Grants for Small Businesses across the globe and $40M for Black-owned businesses in the US, because we know even a little financial support can go a long way. We also launched an in-app Economic Relief Funding portal so that small businesses could find opportunities to apply for PPP funding, including from CDFIs and minority business enterprises. 
We built new tools like Facebook & Instagram Shops, Businesses Nearby, Discover Black-Owned Businesses and Facebook Business Suite so that businesses can build a digital storefront on Facebook or Instagram, find new customers, and more easily manage their online presence. Businesses can reach target audiences through personalized advertising, communicate with customers using Messenger and WhatsApp, or find new and creative ways to tell their story and interact with people using tools like Facebook Live and IGTV.
We created a Small Business Resource Hub, an SMB Resource Guide for Black Business Owners and Entrepreneursa LatinX Hispanic Heritage Month Resource Guide and the Small Business Resource Guide so that businesses can find our free tools, platforms, and trainings all in one place.
We continue to host webinars and small business trainings with our partners, and hold large scale SMB-focused events celebratingNational Black Business August and LatinX Hispanic Heritage Month
And we remain committed to bringing to light the challenges small businesses are facing with our research. We partnered with the Small Business Roundtable to discuss the State of Small Business in the U.S., as well as the OECD and the World Bank across the globe (including the US) for our Global State of Small Business Report. 
Lastly, Facebook is proud to have been a Silver-sponsor of the US SBA’s National Small Business Week and its Recovery, Adaptation, and Innovation Virtual Conference. On Thursday September 24th, Facebook’s Chief Revenue Officer David Fischer spoke on a panel, “From Surviving to Thriving: Small Business Finding Growth.” 
In this difficult economic climate, we hope that investments like these, and the many more that will come, provide small businesses the support they need to navigate this crisis. 
Our newsroom continues to be a source for real-time updates on what we have available to help during this quickly changing situation. Thank you for being our partner as we all look to support the small business community.