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Sadly, small businesses across the country have been struggling to stay afloat after being forced to shut their doors amid the coronavirus pandemic. But it was just announced that American Express has organized over 40 of the world’s leading companies across industries to come together to offer support to small business owners during this struggle.
Google, Facebook, Microsoft, Amazon, IBM, and more will make up the Stand for Small coalition, making it easier for small businesses to access resources on a digital hub. Facebook, for example, will provide toolkits and programs such as the Facebook Small Business Grants Program. Microsoft is giving six months free to Microsoft 365 Business Basic with an annual commitment. And Bill.com is offering a free three-month subscription to run payables and receivables remotely.
“We’ve always believed in the power of partnership and could not be prouder to stand tall for small with more than 40 partners to offer meaningful support to small businesses during this challenging time,” said Stephen Squeri, Chairman and CEO of American Express, in a statement. “The companies joining Stand for Small all have legacies of supporting the more than 30 million small businesses in the U.S., and collectively, our goal is to provide them with valuable resources so that we can come out stronger together once this crisis ends.”
This is just the latest effort by American Express in helping to combat the spread of COVID-19. The credit card company announced earlier this month that it was partnering with Hilton to donate one million hotel room nights across the country to frontline medical professionals working. In March, they announced that card members enrolled in the Membership Rewards program could use their points towards a donation to Feeding America. And they rolled out a Small Business social campaign explaining how consumers can support small businesses while continuing to practice social distancing.