in journalism and a B.S. in economics from American University. The nonprofit Local Initiatives … Late last month, Lowe’s … MOORESVILLE – As many small businesses struggle to keep their doors open across the nation during this downturn, Lowe’s Companies has opened its first round of grant applications in … Applications are due today. MyLowes Sign In. Related Content Grant Application. Grants will be made in the amounts of $5,000, $7,500, $10,000 and $20,000. Lowe’s, the home improvement superstore, opened its first round of grant applications for $25 million in small business grants for minority-owned businesses. Before you apply, please note: Only businesses located in the designated cities are eligible to receive a Neighborhood Business Grant. Grants of $20,000 to small business owners to help meet their most immediate needs. LISC has raised more than $17 million for COVID-19 rapid relief grants and helped 955 organizations access nearly $91 million from the Paycheck Protection Program (PPP). The nonprofit Local Initiatives … Many small businesses that were forced to shut down temporarily now are at serious risk of never reopening. Even those small businesses that can operate remotely or with limited on-site hours face major revenue shortfalls. LISC.org. Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy.. Lowe’s is dishing out the funds to help small businesses, especially home improvement professionals, in need of masks, personal protective equipment and other supplies to operate safely. This $55 million commitment makes Lowe’s the largest donor to LISC’s COVID Rapid Relief & Resiliency Fund. The Local Initiatives Support Corporation (LISC), a community development organization, will manage the process of vetting applications for grants targeted towards minority- and women-led small businesses. Grants will be made in the amounts of $5,000, $7,500, $10,000 and $20,000. Lowes is set to give away up to $55 million in grant money to small businesses struggling amid the COVID-19 pandemic, but you’ll have to act fast to … Lowe's opens applications for the first wave of its $25 million in minority small business grants. FedEx’s Small Business Grant: In 2018, this grant received 7,800 applications, with 10 winners total. The home … Prices, Promotions, styles, and availability may vary. Lowe’s is offering small business relief grants through its LISC (Local Initiative Support Corp.) Partnership. 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He earned a B.A. MOORESVILLE, N.C., June 11, 2020 /PRNewswire/ -- As thousands of small businesses struggle to keep their doors open and their employees paid amid economic devastation caused by the COVID-19 pandemic, Lowe's Companies, Inc. today opened its first round of grant applications in its previously announced $25 million commitment to provide much-needed relief to minority-owned … The home-improvement retailer’s donation will fuel emergency grants and other assistance to help owners navigate business during the challenging economic circumstances. The nonprofit Local Initiatives Support Corporation, also known as LISC, is giving out grants ranging from $5,000 to $20,000 thanks to the home improvement chain's $55 million contribution. The $25 million worth of grants from Lowe's doubles the amount it … Additionally, over the next three weekends this summer, select Lowe’s stores in North Carolina and Georgia will host drive-in movies to benefit local small business relief efforts. To provide aid for the small businesses struggling to remain open and to keep employees paid during the ongoing coronavirus (COVID-19) pandemic, Lowe’s opened its first round of grant applications in its previously announced $25 million commitment to provide relief for minority-owned businesses. Vincent Salandro is an associate editor for Remodeling and ProSales. In July, Lowe's doubled its contribution to coronavirus pandemic aid. Click Here to Eligibility Guidelines . Many small businesses that were forced to shut down temporarily now are at serious risk of never reopening. GREEN BAY, Wis. (WBAY) - Lowe’s is giving away $55 million in grants to small businesses that are struggling during the pandemic. Cart with 0 items Cart. Copyright © 2020 Hanley Wood Media, Inc. All rights reserved. Small businesses can apply for emergency grant assistance to stay afloat during the COVID-19 pandemic, thanks to a $55 million commitment grant from Lowe’s- … Across the United States, small businesses that form the economic backbone of our communities now face immediate – and oftentimes, crushing – financial pressure because of the COVID-19 pandemic. MOORESVILLE, N.C., June 11, 2020 — As thousands of small businesses struggle to keep their doors open and their employees paid amid economic devastation caused by the COVID-19 pandemic, Lowe’s Companies, Inc. (NYSE: LOW) today opened its first round of grant applications in its previously announced $25 million commitment to provide much-needed relief to minority-owned businesses. Eligible expenses include:-Paying rent and utilities-Meeting payroll-Paying outstanding debt to vendors-Upgrading technology infrastructure-Other immediate operational costs. The next deadline for small businesses to apply for COVID-19 business emergency relief grants from Lowe's is Monday. Squawk Box. He also covers products for the Journal of Light Construction and has stories appearing in other Hanley Wood publications, including Builder. This grant can be used to assist in the recovery or stabilization of a small business that has been negatively impacted by COVID-19. In addition to deploying grants to help small businesses bridge the financial gap, LISC will provide guidance to help them navigate the intricate web of public and private resources now available. Prices and availability of products and services are subject to change without notice. Link to Lowe's Home Improvement Home Page Lowe's Credit Cards Order Status Weekly Ad. The commitment is far more than a moment in time—it’s a reflection of who we have been and will continue to be as a company.”. 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