Thryv Small Business Foundation Wires Second Round of Grant Money to Recipients of Its Small Business COVID-19 Grant Program
The Thryv Small Business Foundation announced the second round of recipients of its Small Business COVID-19 Grant Program, a grant application program that awards immediate grants to struggling small businesses.
“One-hundred percent of this grant is going to go toward our employees,” said Dr. Renee McCoy-Collins, grant recipient and owner of D.C.-based Capitol Dental Services. “The dental industry has been rocked by COVID-19. Your everyday dental services have been deemed non-essential.
“We applied for the Paycheck Protection Program (PPP), but were told by our bank the $349 billion set aside had run out. We hope more money is approved this week for the program.
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“As Chairwoman of the D.C. Board of Dentistry we have had to completely change the way we do business. We are now discussing how to reopen and provide a safe environment for our staff and patients. We employ 12 people and consider them vital to our business.”
After announcing the grant program, the Foundation received thousands of submissions from across the United States. Once it selects and notifies grant recipients, the Foundation is wiring the money directly to individual businesses. The grants are sponsored by Thryv, Inc., its leadership team, employees, board members and other donors.
“Many of these businesses have applied for the Paycheck Protection Program or SBA’s EIDL, but the funds just aren’t coming fast enough to give them a fighting chance,” said Matthew Gourgeot, who oversees the foundation. “We know struggling small businesses need the money now. Within 14 days of launching our COVID-19 program we have awarded two waves of small business grants.”
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