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.
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
The business Resource hub is introduced by Facebook for responding to disruptions by the COVID-19 outbreak.
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.