The U.S. Chamber of Commerce Monday initiated a “Save Small Business Grant Fund” to give $5,000 in supplemental grants to help small business owners in “economically vulnerable communities.”
The grants will be supported by the chamber’s corporate and philanthropic partners and must be put toward business expenses, according to FOX Business. Applicants must have between three and 20 employees and be located in a community that is part of the bottom 80% of the most economically distressed zip codes in the U.S. The chamber’s website has a tool to check to see if an employer’s business is located in a qualifying area.
Applications open up on Monday and employers will need Form W-9 to qualify. Grants will be awarded on a rolling basis.