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WHCR’s Hero of the day is Lowe’s

Several corporations and individuals are offering grants to small businesses who struggle to reopen amid the economic devastation caused by COVID-19. According to CISION PR Newswire, on Thursday, June 11th  Lowe's Companies, Inc.  opened its first round of grant applications for it’s  $25 million commitment to provide much-needed relief to minority-owned businesses.

Lowe's donation is aimed at providing assistance to historically underserved communities. The Local Initiatives Support Corporation (LISC), the nation's largest community development organization, will manage the process of vetting applications for grants that will bring critical aid to minority- and women-led small businesses.

Quote The need for this kind of relief is overwhelming, end quote said LISC President and CEO Maurice A. Jones.  He noted that when LISC began offering small business rapid relief grants in April 2020, more than 50,000 businesses applied in just the first four days. Another 200,000 applied for subsequent funding. Two-thirds of the initial applicants are businesses owned by minorities, veterans and women. Forty percent are in distressed locations, and nearly half have been in business for more than 10 years.

Lowe's has pledged a total of $50 million to support communities during the pandemic, including providing more than $10 million in essential protective products for medical workers, purchasing $1 million worth of flowers from small business growers to be donated and delivered to senior living facilities for Mother's Day, and providing personal protective equipment (PPE) to minority businesses reopening.

To apply for the Lowe’s grant, visit LISC.org/lowes.