Facebook offers $40 million to struggling Black-owned businesses -- here’s how to apply

10,000 businesses to receive grants to help with pandemic struggles

A business closed sign
A business closed sign (Pexels)

DETROIT – Black-owned businesses have been hit hard by the coronavirus (COVID-19) pandemic, and now Facebook is offering a $40 million boost to those struggling businesses through a grant program.

Facebook announced 10,000 businesses will get grants that include $2,500 in cash and $1,500 in credit for ads on the social media website.

The money comes from $100 million Facebook has set aside for a small business program.

Click here for more information on how to apply.

About the Author:

Derick is a Senior Web Producer for ClickOnDetroit and has been with Local 4 News since April 2013. Derick specializes in breaking news, crime and local sports.