Facebook Backs Small and Midsized Businesses With $100 Million Grant Program

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Facebook chief operating officer Sheryl Sandberg revealed the details of a $100 million grant program to help 30,000 small and midsized businesses in more than 30 countries during the coronavirus pandemic.

The social network introduced a Business Resource Hub last week to support businesses that are being directly or indirectly affected by Covid-19, and the company said it will continue to create virtual training and materials, along with other steps.

Sandberg wrote in a Facebook post, “Small businesses are the heartbeat of our communities, and many of the people who run these businesses are heavily affected by the crisis—especially as more and more people sensibly stay home. The longer the crisis goes on, the greater the risk to small businesses and to the livelihoods of their owners and employees.”

She added, “We want to do more. Teams across our company are working every day to help businesses. We’re looking at additional ways to host virtual trainings—and will have more to share in the coming weeks—and we’re finding more ways to help people connect and learn to use technology through Blueprint, our free e-learning training program. Whatever happens next, we will be working to help businesses weather this storm. Please keep safe and look out for those around you.”

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