The aim is to expand its support to rural, hard-hit communities and to minority-owned businesses. It’s also piloting drive-in theatres in its parking lots.
In response to the “overwhelming need to help support small businesses across the country,” the home improvement retailer said it is increasing its minority small-business grants from $25M to $30M and also donating an additional $25M to its small business grant program with the Local Initiatives Support Corporation (LISC), doubling the amount already committed.
“Having grown up in a small town, I have first-hand knowledge of the extraordinary challenges small business owners in rural communities across the country face during the pandemic,” said President and CEO Marvin Ellison. “We also remain committed to supporting minority small businesses that are being disproportionately impacted. Today’s announcements that we are increasing our minority grant commitment to $30M while making an additional $25M grant donation to rural communities reflects our commitment to double down on our small business grant program and is another step in putting actions behind our words to support all the communities we serve.”