With many small businesses failing to recover after a disaster, R4R will offer immediate financial relief to help them keep their doors open.
Submitted by FedEx Corporation
Originally published by U.S. Chamber of Commerce Foundation
WASHINGTON, May 16, 2022 /CSRwire/ - The U.S. Chamber of Commerce Foundation, along with founding sponsor FedEx, today announced the launch of the Small Business Readiness for Resiliency Program (R4R), to provide financial assistance to small business owners impacted by a natural disaster. R4R will distribute approximately 400 grants to eligible small businesses over the next four years.
“Small businesses employ nearly 50% of the U.S. workforce and are core to our economic stability as a nation,” said Rob Glenn, vice president of global resilience at the U.S. Chamber of Commerce Foundation. “We’re proud to work with FedEx to help small business owners build greater resiliency that helps them withstand the next disaster.”
While small businesses serve as the backbone of local economies, they are more vulnerable and more likely to fail following a disaster than larger enterprises.
It is estimated that more than 30% of employers in the U.S. are based in coastal counties, areas that are most vulnerable to hurricanes. Following Hurricane Harvey in 2017, nearly 1.5 million employers and soloprenuers were impacted.
As natural disasters increase in frequency and intensity, taking proactive measures to develop disaster preparedness and recovery solutions can be the difference between staying open or closing forever regardless of the type of hazard – flooding, hurricane, wildfire, tornados, and other perils.
"FedEx is proud to continue its long history of supporting small business resiliency and recovery. This multi-year commitment with the U.S. Chamber of Commerce Foundation allows us to contribute directly to small businesses that actively prepare for natural disasters," said Jenny Robertson, senior vice president of integrated marketing and communications at FedEx.
The U.S. Chamber Foundation will maintain a database of small businesses across the country where it will pull from when a disaster strikes to distribute funds. To join the database, a business must complete a preparedness checklist. From assessing business vulnerability to developing an emergency action plan, this checklist helps ensure a business is taking the right steps to be resilient should an emergency occur.
R4R details and process for the 2022 disaster season:
Recipients will be notified via email and funds will be disbursed on a rolling basis. Businesses that are not selected to receive a grant in 2022 will still be considered should another disaster strike in their community over the next 3 years. After receiving a grant from R4R, a business is no longer eligible for additional funds in subsequent years or disasters.
For more information on eligibility and process, please visit our website here or contact us at firstname.lastname@example.org. If your company is interested in supporting this program by contributing additional grant funds, please contact Rebecca Mousseau at email@example.com.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $94 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 550,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
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