Uber Eats and Visa announce subsidies for small businesses

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Uber Eats and Visa have partnered for a $1 million grant program that will target small businesses currently active on Uber Eats in 10 U.S. cities. The program will be administered by the Local Initiatives Support Corporation (LISC) and focused on restaurant recovery and entrepreneurship to “support merchants when they need it most.”

Uber and Visa announce grants for growth

“We know this has been a trying year for many and independent businesses continue to face significant business challenges. From natural disasters to the impact of the COVID-19 pandemic, Uber and Visa are committed to supporting SMBs, especially during unexpected events when they may need us most,” said Sarfraz Maredia. , vice president of U.S. and Canada delivery at Uber.

Restaurants active on Uber Eats since January 1, 2022 in Atlanta, Chicago, Los Angeles, Washington DC, Miami, Detroit, the New York/New Jersey metro area, San Francisco Bay Area, Philadelphia and Boston are eligible to apply for the program. . Grant recipients will be independently selected by LISC, using criteria to give preference to veterans, minorities, women, and LGBTQIA+ business owners. For a full list of eligibility criteria, visit lisc.org/uber.

“Independent restaurants are a vital and vibrant part of their communities, and the pandemic continues to affect far too many of them,” said Mary Ann Reilly, senior vice president and head of North America marketing at Visa. “With Uber, we are proud to help provide merchants with the support and financing they need, now.”

“The US Hispanic Chamber of Commerce congratulates our partners Visa and Uber on the launch of this important grant program. Small businesses, especially minority-owned businesses, continue to struggle to survive during this pandemic and strive to overcome new challenges,” said Ramiro A. Cavazos, President and CEO of the USHCC. “As small businesses reopen and plan to recover, they need access to capital as well as resources and tools more than ever. This program comes at the right time.

Through Grants for Growth, 100 merchants will receive grants of $10,000, which can be used for immediate needs such as payroll, payment of outstanding debt to suppliers, upgrade of technology infrastructure, payment and other immediate operational costs.

In addition to financial support, selected merchants will receive placement in the Uber Eats app and disaster recovery and resilience guides from Uber and LISC. Traders interested in applying for the Grants for Growth program can apply at lisc.org/uber from January 17 to 24, 2022.

Additional details on eligibility and the Grants for Growth program are also available at lisc.org/uber.

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