Groupon pledged $150,000 to help establish a small business recovery fund aimed at helping small businesses rebuild and reopen after this season’s incredibly damaging storms. The fund will be made available to local businesses in the Houston area and Florida.
“Small businesses are the backbone of the communities they serve, and many absorbed significant damage from these storms,” said GrouponCEO Rich Williams. “The local impact of shuttered businesses will be felt long after the initial disaster. Helping businesses with much-needed access to capital is a key way we can help these communities along the road to recovery.”
Groupon is partnering with LiftFund, a micro and small business lender, to administer the fund in Texas and Florida.
“Small businesses recently impacted by the recent hurricanes are facing costly damages and an uncertain future,” said Janie Barrera, LiftFundPresident and CEO. “These local businesses are integral to their communities’ economic recovery, and with support from Groupon we are ready to help them rebuild and get back to serving their customers and neighborhoods.”