CHICAGO — The Local Initiatives Support Corporation— better known as LISC Chicago — and Verizon are offering $10,000 grants to small businesses and nonprofits that are hurting because of the coronavirus shutdown.
The Verizon Small Business Fund aims to fill financial gaps to prevent businesses from closing permanently. The first round of applications are due before midnight Saturday, April 4. Verizon announced it would invest $2.5 million to support businesses earlier this week.
The grant can be used for utilities, rent, payroll and other needs, according to the application website.
Entrepreneurs of color, women and minority-operated organizations are encouraged to apply. Priority will be given to organizations in underserved communities with fewer than 10 full-time employees.
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