The primary focus of this program is to support and assist small businesses around the world that suffered due to the impact of the COVID-19 pandemic.
The cash grants bestowed to qualified business owners are intended for maintaining and continuing their business operations despite the drastic changes in the economy.
The cash grants given may vary depending on the country you live or operate your business. In the US, however, the cash grants given to qualified small businesses are about $25,000 with an additional $1,500 for ads credits.
Generally, Facebook’s program was certain to grant 30,000 qualified businesses worldwide.
Not only that this support will continue to empower the field of entrepreneurship, but it will also maintain jobs of employed individuals because there will be a lesser probability of laying off.