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.comon 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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