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U.S. Chamber’s Save Small Business Fund Accepting Grant Applications Starting April 20

April 20, 2020

Small business woman

The U.S. Chamber of Commerce Foundation is sponsoring the Save Small Business Fund—a grantmaking initiative offering short-term relief for small employers who are struggling during the COVID-19 outbreak. The fund will provide $5,000 grants to small employers in the United States and its territories that must be applied toward business expenses.

To qualify, businesses must:

(i) employ between three and 20 people;

(ii) be located in an economically vulnerable community; and

(iii) have been harmed financially by the COVID-19 pandemic.

Economically vulnerable communities have been defined by zip code, based on the Distressed Communities Index. To see if your business is eligible, plug your zip code into the qualifier check on the Fund’s website

The application will go live on SaveSmallBusiness.com on April 20, 2020, at 12 p.m. PT. The application is expected to be short, taking about 10 minutes to complete, and will require a business’ W-9 form (Request for Taxpayer Identification Number and Certification). Grants will be awarded weekly until all of the funds have been dispersed.

To learn more about the Save Small Business Fund or apply for a grant, visit www.savesmallbusiness.com

Please contact Tom Vaughn (313-568-6524), Emphani Aldridge (313-568-6606) or your regular Dykema attorney with any questions. We are here to help you and your business navigate this difficult time.

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As part of our service to you, we regularly compile short reports on new and interesting developments and the issues the developments raise. Please recognize that these reports do not constitute legal advice and that we do not attempt to cover all such developments. Rules of certain state supreme courts may consider this advertising and require us to advise you of such designation. Your comments are always welcome. © 2020 Dykema Gossett PLLC.