Verizon Expands COVID-19 Small Business Support up to $7.5M With New Grant to LISC
Verizon Communications Inc. (VZ)
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Source: GlobeNewswire
Additional $2.5M grant will support LISC’s Verizon Small Business Recovery Fund with a third round of funding. In a recent survey, 64% of small businesses say their cash reserves will last less than three months and those that remain open have cut 37% of their workforce.1 BASKING RIDGE, N.J., April 30, 2020 (GLOBE NEWSWIRE) -- Verizon today announced an additional $2.5 million donation to small business support through the Local Initiatives Support Corporation (LISC), bringing the total funding of LISC’s Verizon Small Business Recovery Fund up to a potential $7.5 million. LISC, a national nonprofit that invests in affordable housing, economic development and jobs, is offering critical relief and resiliency-building support to small businesses facing immediate financial threat due to the COVID-19 pandemic, focusing especially on historically underserved communities. Verizon and LISC also announced the first round of over 200 grant recipients from across the country that will each
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