Verizon Small Business Recovery Fund & More

City of Greenbelt, Maryland sent this bulletin at 04/16/2020 01:33 PM EDT

Verizon and LISC Come Together to Support Small Businesses with COVID-19 Recovery Fund

An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of the COVID-19 pandemic. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. Verizon will highlight and bolster these efforts through their inaugural "Pay It Forward Live" online concert series.

Click here to register for the next round of grant applications being accepted in mid-April.

To read the full press release, visit: https://www.lisc.org/our-stories/story/verizon-and-lisc-fire-25-million-small-business-covid-19-recovery-fund.

Together with residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. To learn more about LISC, visit www.lisc.org.

Other Companies Offering Business Relief

Many companies have partnered with community organizations or developed their own emergency relief fund to support businesses through the pandemic. Check out the below links to articles that list the different grant programs and resources available to businesses(Please note that there may be some overlap in the articles):

Business Insider - 10 major companies including Amazon, Facebook, and Salesforce that are offering cash and resources to businesses impacted by the pandemic — and how to apply
Inc. - Small Business Grants for Companies Hit by Covid-19
Forbes - Small Business Relief Tracker: Funding, Grants And Resources For Business Owners Grappling With Coronavirus

Prince George's County COVID19 Business Relief Fund Now Live

Prince George's County businesses can now apply for the COVID19 Business Relief loan and/or grant to support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. Up to 6 months of verified payroll & operating expenses; not to exceed $100,000.

To apply, visit: https://covid19relieffund.princegeorgescountymd.gov/

Check out the Frequently Asked Questions.

MARYLAND
Business Relief Wizard

Find the Right COVID-19 Support Resources for Your Business

There are numerous local and national programs for businesses in need of emergency support, but understanding which options are relevant for your organization can be a challenge.

The Maryland Business Relief Wizard is a tool that helps connect businesses with the resources and programming for which they’re eligible, streamlining the process of finding support.

To access the Business Relief Wizard, visit: https://reliefwizard.net/.