Facebook announced it’s investing $100 million in cash grants and ad credits to help 30,000 small businesses in over 30 countries where it operates.
It’s becoming clear that the COVID-19 pandemic is going to severely affect businesses big and small. Still, it will be especially felt by small and medium-sized businesses that will require financial support to continue operating.
Facebook is stepping up and is listening closely to the concerns of small businesses, “the heartbeat of [Facebook’s] communities,” and the people who run them, especially as more and more people are staying at home these days.
As Facebook COO, Sheryl Sandberg, explains, “the longer the crisis goes on, the greater the risk to small businesses and to the livelihoods of their owners and employees.”
In a bid to help SMBs, Facebook is announcing a $100 million investment in helping over 30,000 eligible small businesses in over 30 countries where its employees live and work.
The program can help businesses in a range of ways, like keeping their workforce going strong, helping them with their rent costs, helping them connect with more customers, and even operational costs. Business owners can apply for updates here, and Facebook will notify them as soon as the program becomes available.
In addition to the above, Facebook has also made its Business Hub available for all. The resource was available for Facebook employees and health experts, but it will now be available to everyone.
Finally, Facebook is creating new virtual training “to support businesses operating in this new and unsettling environment.”
You might also like
More from Facebook
Facebook Bans Ads Promoting Weapon Accessories Ahead Of Inauguration Day
Facebook has announced a ban, on its platforms, of ads promoting weapon accessories and protective equipment - at least through …
Facebook Bans Donald Trump Indefinitely From Its Platforms
Following the recent events in Washington DC, Facebook CEO Mark Zuckerberg has announced an indefinite ban on Donald Trump from …
New Facebook Pages Come Without A Like Button
Facebook is rolling out a new design for Facebook Pages. It comes with new features, but without a Like button.
New Year’s Eve 2020 Sets New Records For Use Of Facebook Apps
Facebook was expecting a traffic spike on its apps over New Year's Eve, but this year broke all previous records …
3 Courses To Help You Create Better Video Content For Your Ads
Here are three free Facebook Blueprint courses to help you take your content to the next level.
Facebook Attacks Apple With Full-Page Newspaper Ads
Facebook is running newspaper ads newspapers criticizing Apple for its policy giving iOS users the choice of whether they want …
New Facebook Collab App Lets You Create Music With Friends
Facebook Collab is a new experimental music-making app available in the US, that lets you create music with friends.
Facebook Expands Brand Collabs Manager To Public Groups
Facebook is rolling out it s Brand Collabs Manager to public groups this week, giving them a new opportunity for …
The US Government Is Taking Legal Action To Break Up Facebook
Forty-eight attorneys general and the Federal Trade Commission say Facebook Needs To Sell Instagram And WhatsApp.