Uber and Visa today announced Grants for Growth, a program that will provide $1 million in grant funding to small businesses in 10 U.S. cities that are currently active on Uber Eats. The program will be administered by Local Initiatives Support Corporation (LISC).
Focused on restaurant recovery and entrepreneurship, the program was created to support merchants in need amid challenging pandemic and economic circumstances.
“We know that this year has been trying for many and that independently-owned businesses continue to face significant business challenges. From natural disasters to the impact of the COVID-19 pandemic, Uber and Visa are committed to supporting SMBs, especially through unexpected events, when they may need us most,” said Sarfraz Maredia, VP of US and Canada Delivery at Uber.
Restaurants active on Uber Eats since January 1, 2022, in the New York City metropolitan area including northern New Jersey, as well as Atlanta, Chicago, Los Angeles, Washington DC, Miami, Detroit, the San Francisco Bay Area, Philadelphia, and Boston are eligible to apply for the program.
Grant recipients will be selected by LISC, using criteria to give preference to veterans, minorities, women, and LGBTQIA+ business owners.
Grant recipients will be selected by LISC, using criteria to give preference to veterans, minorities, women, and LGBTQIA+ business owners.
“Independent restaurants are a vital and vibrant part of their communities, and the pandemic continues to impact far too many of them,” said Mary Ann Reilly, SVP and Head of North America Marketing, Visa. “Together with Uber, we’re proud to help give merchants the support and funding they need, now.”
Through Grants for Growth, 100 merchants will receive grants of $10,000, which can be used toward immediate needs such as payroll, paying an outstanding debt to vendors, upgrading payment technology infrastructure, and other immediate operational costs.
In addition to financial support, selected merchants will receive placement in the Uber Eats app and disaster recovery and resiliency guides from Uber and LISC.
Merchants interested in applying for the Grants for Growth program can find details about eligibility and apply at lisc.org/uber. Applications are open January 17-24, 2022.
Uber
Uber’s mission is to create opportunity through movement.
We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button?
More than 15 billion trips later, we’re building products to get people closer to where they want to be.
More than 15 billion trips later, we’re building products to get people closer to where they want to be.
By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories each year.
Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive.
We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
Learn more at Visa.com.
LISC
LISC is one the country’s largest community development organizations, helping forge vibrant, resilient communities across America.
We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive.
Since our founding in 1979, LISC has invested $24 billion to create more than 436,320 affordable homes and apartments and develop 74.4 million square feet of retail, community and educational space.
For more, visit www.lisc.org.
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