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Facebook expands small business grant program

Facebook announced Thursday new updates to its small business grant program introduced on March 17, including $40 million in grants for small businesses. 

The grants will go to 10,000 U.S. small businesses in 34 locations that Facebook employees live and work. Those located in New York and Seattle will be the first to receive funds starting next week.

“In this challenging time, when information is changing daily, we are listening to and learning from scores of small businesses to understand what they need now and what they will need down the road,” said Sheryl Sandberg, COO of Facebook in a blog post

Facebook says it’s also collaborating with small business partner, Ureeka to invest in eligible minority and women-owned businesses. Local businesses can go to to check their eligibility. 

The Facebook like symbol on the address sign at the entrance to Facebook's campus.

New tools for businesses

The tech conglomerate is also introducing new tools for small businesses in its social media platform including digital gift cards, expanding its fundraising portal and easier ways for businesses to communicate service changes such as delivery and pickup to their customers. 

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