San Francisco, April 3 (SocialNews.XYZ) Facebook has announced $40 million in grants for 10,000 small businesses in the US to help them get through these challenging time.
The grants will go to small businesses in 34 locations where Facebook employees live and work. Those located in New York and Seattle will be the first to receive funds.
"In this challenging time, when information is changing daily, we are listening to and learning from scores of small businesses to understand what they need now and what they will need down the road," Facebook COO Sheryl Sandberg said in a statement on Thursday.
The social networking giant recently announced $100 million global small business grant programme.
"We're making it easier for people to support their favorite local businesses with digital gift cards on Facebook, which are beginning to roll out today in the US," said the company.
People will see the option to support local businesses with digital gift cards in their News Feed.
Business owners can also create a personal fundraiser on Facebook for their business and ask customers for support during this critical time.
"The COVID-19 pandemic has hit small businesses everywhere. Suddenly and, through no fault of their own, many simply can't do business, and for others it has become much, much harder because customers are doing the right thing and staying at home," said Sandberg.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz