CNBC reports that since the pandemic has resulted in the shutdown of 41 percent of the 1.1 million Black-owned businesses in the US, Facebook "is updating its Businesses Nearby platform to make it easier for users to discover and support Black-owned businesses in their communities.
"The company is also allocating $40 million from its $100 million small business grant program to 10,000 Black-owned businesses in the U.S."
To qualify for the Businesses Nearby program, the story says, "companies must be majority Black-owned for-profit enterprises with up to 50 employees that have been in business for at least one year. They must have experienced challenges from Covid-19 and plan to use the funds to support their business and community."
