Facebook helps small businesses with 100 million USD

Apr 21, 2020

A society defines itself through its culture. Small businesses are an essential part of this culture and thus of community. But while large companies will use the crisis to restructure, it is a threat to the survival of small companies.

Almost all countries are currently launching economic programmes worth billions and more and more large companies are also taking part. The world is moving a little closer together because everyone realizes how vulnerable they are as individuals.

The world will not be the same after the crisis, and we will still have many months of restrictions. Because of this crisis, Facebook wants to support small businesses with the help of its platform to keep customers and reach new ones.

For this purpose, Facebook is providing $100 million in direct financial support, advertising and support credits on its platforms to help small businesses.

What do you have to do?

The following criteria must apply to interested companies:

  • between 2 and 50 employees
  • the company must have been in existence for more than one year
  • face severe business conditions due to the COVID 19 pandemic
  • have a location where Facebook is active

The program is already enrolled in several states in the US and should start soon in Germany. Interested companies will have two weeks to apply.

The application should explain how the support will have a positive effect on the company and especially on the community/local culture. As you know Facebook, the community aspect, in particular, will be an important factor in the decision to support.

Further information and registration: https://www.facebook.com/business/boost/grants

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Nils Vossebein

Co-Founder VIPFY - Do you have any suggestions? - Contact me: nv@vipfy.de