Several examples were provided on how small business owners can utilise the grant for operational costs and covering employee wages.
Facebook has announced a $100 million grant to help 30,000 small businesses in 30 countries to help them stay afloat during the coronavirus pandemic. The grant will be provided in cash and ad credits to small businesses.
Small-business owners can sign up on a Facebook page to receive more information about the application process for the grant. However, no specific date for the program initiation was given.
The social media platform also launched a “Business Resource Hub” to help companies manage the effects of the coronavirus pandemic. The hub will contain tips on managing businesses, downloadable content, best practices, and self-assessment.
[2 minute read]