Gofundme Small Business Relief Initiative – Is your company (or a company you love) struggling? Help during this difficult time with GoFundMe.
Thousands, if not millions, of businesses across America have been affected by the coronavirus pandemic. That’s why GoFundMe created the Coronavirus Small Business Relief Initiative, which the company says is “aimed at supporting our local business friends and neighbors who are facing financial loss due to the COVID-19 pandemic. Make a difference today by donating or creating a small business fund.”
Gofundme Small Business Relief Initiative
So, if you own a business, it might be time to set up a GoFundMe that can help. If you like a local business that is struggling right now, you can check the website to see if you can donate or start a GoFundMe for that business. If you feel like giving, here are three companies asking for donations right now.
Nyc Restaurant Gofundme Campaigns: Businesses Face Headaches To Withdraw Cash
“As we all deal with the health care crisis here in Seattle,” wrote fundraiser organizers Jessica Tousignant and Candace Whitney Morris, “our hardworking and important hospitality workers are also downplaying the possibility of an economic crisis . The ability to apply for full or partial unemployment, and our city is working to implement a ban on evictions right now.”
This fund is for Seattle workers whose hours have been cut due to the crisis and who are not receiving compensation.
“Instead of supporting us,” wrote organizers Lettuce and RJ sisters Jerrod and Molly Melman, who had previously been featured. “We would like you to help support all of our amazing employees who need more help during this difficult time. Our team has established the Lettuce Entertain You Employee Emergency Relief Fund to contribute to the financial support of members of the Lettuce team during this national health emergency. Our family has set aside $1 million to start this fund.”
The fundraiser is focused, according to GoFundMe organizers Felix Bendersky and Soraya Kilgore, “to raise awareness and money to provide benefits to Miami-Dade County’s full-time restaurant workers who depend on hourly wages (and many who depend on tips) to cover basic living expenses and support their families.”
Supporting Consumers And Communities As We Face Covid 19 Together
Bendersky and Kilgore said they want to provide “$250 grants to as many eligible donors as possible with 100% of donations (less normal GoFundMe fees) going directly to those affected.”
These companies, of course, are just the tip of the iceberg: There have already been more than 100,000 entries in GoFundMe’s Small Business Relief Initiative for the coronavirus. See the rest here.
Jeff Bezos Plans To Spend His Wealth, Gives Dolly Parton New $100 Million Small businesses are the backbone of our nation’s economy, and their sudden struggle is now unprecedented. Big companies and organizations are coming together to help small businesses survive this pandemic.
The federal funding request last week hit its hurdles, and other federal funds are already available. Below are some forms of support to help your business. Contact your Alloy Silverstein CPA for assistance.
Gofundme Is Becoming A Social Safety Net — An Inequitable One
GoFundMe started the Small Business Relief Initiative to help small businesses affected by the COVID-19 pandemic and empower their communities to support them. GoFundMe has partnered with Yelp, Intuit QuickBooks, GoDaddy and Bill.com to provide small business owners with the financial support and tools they need to keep their businesses running during and after the coronavirus crisis.
Facebook has committed to providing up to 30,000 small businesses with $100 million in funding and Facebook advertising credits. The benefits are to cover labor costs, rent, operating costs and help the company connect with more customers during these difficult times. The business must have between 2 and 50 employees, have been in business for more than a year, be currently facing the challenges of COVID-19, and be close to where Facebook operates. There are currently 28 active US cities. and metropolitan areas and you must enter your email address to get more information about the program.
Google is pledging more than $800 million to support small businesses and disaster response efforts. Specifically for small businesses, Google is offering $340 million in active advertising accounts to help small businesses stay in touch with their customers during the pandemic and stay-at-home orders. They are also working with the Opportunity Finance Network to provide $200 million to nonprofits and financial institutions to give more small businesses quick access to capital.
Together with Local Initiatives Support Corporation (LISC), Verizon Wireless has committed $2.5 million to begin providing critical relief and resilience-building support to small businesses facing an immediate financial threat due to the COVID-19 pandemic. The grant will provide grants of up to $10,000, particularly to entrepreneurs of color, women-owned businesses and other businesses in historically underserved areas that lack access to flexible and affordable capital. Verizon will highlight and promote these efforts through its “Pay It Forward Live” online concert series, and as customers pledge online, Verizon will unlock an additional $2.5 million, bringing the donation up to total to 5 million dollars.
Small Business Resources During Covid 19
*Note: The first round of applications is closed due to overwhelming submissions, but the second round will open in April.
Hello Alice, a grant support center for new and growing businesses, has partnered with Verizon, Silicon Valley Bank, Ebay and more to offer $10,000 in grants to be distributed immediately to small business owners affected by the coronavirus. In addition to funding, grantees will receive ongoing support from the Hello Alice community.
Amazon is giving back to local businesses in the Pacific Northwest. Applicants must have fewer than 50 employees or less than $7 million in annual revenue. Businesses must be located in the Seattle, WA area (Bellevue, South Lake Union, Regrade neighborhoods). Read more →
The Restaurant Workers Relief Fund is designed to assist restaurant workers experiencing extraordinary hardship due to the outbreak of the coronavirus disease (COVID-19). Through this fund, one-time benefits of $500 will be awarded to restaurant workers affected by COVID-19, including reduced wages or job loss.
Local Small Business Guidance/loans/crowdsourcing Available
The James Beard Foundation is a nonprofit organization whose mission is to celebrate, nurture and honor chefs and other leaders who make America’s food culture more delicious, diverse and sustainable for everyone. Food and Beverage Business Assistance Fund The James Beard Foundation will provide critical financial assistance to small, independent restaurants that, due to the national COVID-19 crisis, have an immediate need for cash to cover fixed costs of exploitation and avoid bankruptcy. Approved applicants, whether an independent restaurant or a restaurant group, will receive a one-time grant of $15,000.
Lurn, a digital learning tool for entrepreneurs, is raising funds for its second round of COVID-19 emergency grants. Eligible applicants from the business community may have an existing business affected by COVID-19 or study Business (currently working full-time). The goal is to provide short-term emergency support to citizens who need money to buy food, gas, medicine, transportation and other needs due to loss of income or employment due to the coronavirus. To date, the Startup Help Fund has awarded a total of $53,121 to 244 recipients.
The Spanx Sara Blakely Foundation has donated $5 million to support female entrepreneurs in the wake of COVID-19 and partnered with GlobalGiving to establish the Red Backpack Fund. GlobalGiving will oversee the fund, awarding 1,000 grants of $5,000 each to women entrepreneurs across the US to help alleviate immediate needs and support the long-term recovery of those affected by the crisis.
Bulk email distribution company MailChimp is offering a $10 million service to existing customers who want to continue using the Mailchimp platform but need financial support in the meantime. Current clients have 25 or fewer employees in categories such as restaurants and hospitality; brick and mortar retail; travel and entertainment; entertainment; health, beauty and wellness; and other selected High Street businesses are eligible for up to three months of free Mailchimp service. Mailchimp is now offering three additional months of free quality service dedicated to non-profit and public service organizations responding to the COVID-19 crisis.
Covid 19 Resources For Businesses
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Proud to be part of the Intuit QuickBooks team and the #SmallBizRelief Initiative! Spread the word and encourage your local small businesses to create a GoFundMe here if they haven’t already. https://intuit.me/3bhBvY6
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