Several initiatives are launched by Facebook this week to help small businesses affected through the COVID-19 pandemic. Facebook is planning for a $100 grant program for creating a hub for businesses affected by the outbreak.
More Information about the initiatives taken by Facebook.
Small Business Grant Program
Facebook is investing $100 million to help 30,000 eligible small businesses in the over 30 countries where Facebook operates.
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Details are limited at this point, and applications are not yet open, but this is how Facebook’s grant program is expected to help:
Facebook will be helping 30,000 small businesses in over 30 countries where Facebook operates and will be investing $100. However, limited details are opened yet and some helping points are:
- Keeping the business’s workforce going strong
- Assistance with rent costs
- Connecting businesses with more customers
- Covering operational costs
Resources
The business Resource hub is introduced by Facebook for responding to disruptions by the COVID-19 outbreak.
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Resource hub includes advisory that has that needs to be taken immediately. It consists of a resilience toolkit and a brief quick action guide. It also has a guide that tells of utilizing Facebook products during this time. Example: Product Selling on Instagram and Facebook and sessions on WhatsApp and messenger.
There are also guides for utilizing Facebook’s products during this time – such as selling products on Facebook and Instagram and hosting virtual sessions through Messenger and WhatsApp.
Facebook COO Sheryl Sandberg says
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