SAN FRANCISCO, Jan. 10, 2022 /PRNewswire/ -- Uber (NYSE:UBER)
and Visa (NYSE:V) 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 when they need it most.
Grants can be used for all immediate needs including payroll,
vendor debt, upgrading technology infrastructure, and more
"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 Atlanta, Chicago, Los
Angeles, Washington DC,
Miami, Detroit, the NYC metro/New
Jersey area, the San Francisco Bay
Area, Philadelphia, and
Boston are eligible to apply for
the program. Grant recipients will be independently selected by
LISC, using criteria to give preference to veteran, minority,
women, and LGBTQIA+ business owners. For a complete list of
eligibility criteria visit lisc.org/uber.
"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,
"The United States Hispanic Chamber of Commerce applauds our
partners at Visa and Uber for launching this important grant
program. Small businesses, especially minority-owned businesses,
continue to struggle to survive during this pandemic and are
working to overcome new challenges," said Ramiro A. Cavazos, President & CEO, USHCC.
"As small businesses reopen their doors and look towards
recovering, they need access to capital as well as resources and
tools now more than ever before. This program comes at the perfect
Through Grants for Growth, 100 merchants will receive grants of
$10,000, which can be used toward
immediate needs such as payroll, paying 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 apply at lisc.org/uber from January 17-24, 2022.
Additional details about eligibility and the Grants for Growth
program can also be found at lisc.org/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. By changing how people, food, and things
move through cities, Uber is a platform that opens up the world to
About 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 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,
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