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These grant recipients will receive one year of technical assistance post-grant to help further ensure their survival over the longer-term. GREEN BAY, Wis. (WBAY) - Lowe’s is giving away $55 million in grants to small businesses that are struggling during the pandemic. MOORESVILLE, N.C., June 11, 2020 /PRNewswire/ -- As thousands of small businesses struggle to keep their doors open and their employees paid amid economic devastation caused by the COVID-19 pandemic, Lowe's Companies, Inc. (NYSE: LOW) today opened its first round of grant applications in its previously announced $25 million commitment to provide much-needed relief to minority-owned … Interested customers in these markets can reserve a spot or learn more about the drive-in movies at Lowes.com/DIY. Thanks to support from a variety of funders, LISC’s Small Business Relief Grant program has provided over 3,000 entrepreneurs with grants totaling over $48 million during the Covid-19 pandemic to help them stay in business and continue to contribute to their local economies. Lowe's is giving out small business COVID-19 relief grants ranging from $5,000 to $20,000 through nonprofit Local Initiatives Support Corporation. "Our country's small businesses are the backbones of rural and urban communities," Jones said. the assistance program known as Making It… With Lowe’s is partnering with Daymond John of ABC’s “Shark Tank” and government grant programs is allowing small business to pitch their idea to Lowe’s. Together, we can make a meaningful difference, especially for those in historically disinvested communities and areas hit hardest by COVID-19.". Without the resources, many of these businesses may permanently close, resulting in significant job loss to the area. Cart with 0 items Cart. Applications … Every year MILLIONS of dollars are awarded to people and organizations, in the form of free-money grants and various other types of funding. LISC President and CEO Maurice A. Jones applauded Lowe's ongoing commitment, noting that it will take a robust investment of public and private resources to spur economic recovery and bridge opportunity gaps that affect the well-being of millions of Americans. Today's announcement that we are increasing our minority grant commitment to $30 million while making an additional $25 million grant donation to rural communities reflects our commitment to double down on our small business grant program and is another step in putting actions behind our words to support all the communities we serve," said Lowe's President and CEO Marvin R. Ellison. For the purpose of these grants, rural communities will be defined based on the USDA Rural Development (RD) standard of a population with 50,000 or less. Lowe's CEO Marvin Ellison said the home improvement chain will provide minority-owned businesses with $25 million in grants to help relaunch the economy. For more on the LISC-Lowe's partnership or to apply for a grant, visit LISC.org/lowes. This commitment is far more than a moment in time – it's a reflection of who we have been and will continue to be as a company.". "Helping people make their homes better extends beyond our walls and into our neighborhoods, communities and country," said Lowe's President and CEO Marvin R. Ellison "We're proud these grants will help minority- and women-led small businesses, many of which have been disproportionately impacted by the pandemic. Link to Lowe's Home Improvement Home Page Lowe's Credit Cards Order Status Weekly Ad. The donation also helps connect both the applicants and grantees to a network of local small business development, support, advocacy and capital access organizations. Sandberg said the grant money will come out of the $100 million Facebook small-business grant program announced in March. Lowe's Home Improvement lists My Lists. Lowe's More Than Doubles Small Business Grant Program to $55 Million, Expands Minority Grant Offering and Extends Reach to Rura July 16, 2020… Community projects are high-need projects such as: building renovations/upgrades, grounds improvements, technology upgrades as well as safety improvements. These grants will provide immediate relief for critical needs such as rent, payroll and operational expenses to keep businesses running. $30 million will focus on small businesses owned or led by minorities and women, who often lack access to affordable capital. Next register with SAM. PYMNTS’ June 2020 Smarter Payments Tracker®, powered by Nium, explores how remittance-as-a-service platforms are helping to handle cross-border payments. 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