The U.S Chamber of Commerce’s launches the “Save Small Business Fund”

by Tracey Hrica, EA Apr 20, 2020 | Share

Good morning! I just came across this information this morning. I wanted to share it right away, as it goes live today, April 20th,  at 3:00 PM ET.

The U.S. Chamber of Commerce launches a nationwide “Save Small Business Initiative” today.  The program has been created to address small businesses’ immediate needs and includes supplemental financial assistance in the form of a $5000 grant from the Save Small Business Fund.

To qualify you must employ between 3 and 20 people and be located in an economically vulnerable community, as determined by the  Distressed Communities Index .  Before starting the application, you will be asked for the zip code where you are registered by the IRS as doing business, to determine your eligibility.

The Distressed Communities Index is a measure of the economic well-being of U.S. communities, developed by the Economic Innovation Group.

The application will be short and should take about 10 minutes to complete.  All you need is a W-9 form and basic supporting information about your business.

The grants will be awarded weekly on a rolling basis (you only need to apply once) until all funds have been used.

The qualifying zip codes are scattered throughout the state, so follow this link to enter your zip code to check for eligibility: Save Small Business Fund.

Hopefully, many of you qualify.  Good luck!

About the Author

Tracey Hrica, EA

Tracey Hrica joined the firm in 1995 as a bookkeeper. In 2012, she earned the designation of Enrolled Agent(EA), which enables her to prepare personal and business tax returns and represent clients before the IRS. To maintain the designation of EA, she must complete yearly continuing education in the areas of personal and business taxation. Working closely with her clients, Tracey’s primary areas of concentration are new client onboarding, client communication, research, and QuickBooks support. As a QuickBooks ProAdvisor, she works closely with clients who rely on QuickBooks for the day to day running of their business. Tracey has expertise in both QuickBooks Desktop and QuickBooks Online.

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