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July 22, 2024

Facebook Announced a $100 Million Grant Program for Small Businesses

Facebook Announced a $100 Million Grant Program for Small Businesses - Social Singam

Facebook Small Business Grant Program

The COVID-19 pandemic is going to get worse and troubling us in many ways. The virus still spreading into new regions at a rapid pace, which will have a major impact on many sectors and businesses. So Facebook Inc has launched a resource hub and a grant to help small-business owners manage during the coronavirus outbreak.

In a Facebook post on March 17, the company’s COO, Sheryl Sandberg, says that the company will be launching a massive grant program to help small businesses who all are affected by Covid-19. Specifically, Facebook will provide $100 million in “cash and ad credits” to more than 30,000 businesses in the 30 countries where Facebook operates.

Who is Eligible for Funding 

Facebook has also created a new page where SMB owners can sign up to receive more information about when the program starts, eligibility criteria, and application acceptance details. While the site doesn’t provide an exact date when that happens and they are clear that this is more than just providing free ads on its platform. The company gives some examples of how small businesses will use these grants, like office rent, operational costs, or paying employee wages. 

Those small businesses are surely Facebook’s customers so if they overcome this business financial crisis, obviously, the world’s second-largest advertising platform has a huge incentive they can earn and again, so do we all.

In order to provide further assistance, Facebook has:

  • Launched a new Business Resource Hub, which helps to provide support for businesses to connect them to relevant tools and advice who all are affected by the coronavirus outbreak
  • Help to work on a new virtual training program to support businesses operating in altered conditions because of the COVID-19 lockdowns.
  • Create a new strategy on how it can host dedicated, virtual training sessions with businesses all over the world
  • Begun work on a new set of Facebook Blueprint materials, with a particular focus on remote work and managing remote teams.

Apply Here for Facebook Small Business Grants Program

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