BizSugar.com › News › Verizon Expands Support to Small Businesses up to $7.5M

The new grant to the Local Initiatives Support Corporation (LISC) from Verizon is going to expand its COVID-19 small business support up to $7.5M. This is the third round of funding ($2.5 million) from Verizon’s Small Business Recovery Fund.
The support by large corporations highlights the importance of small businesses in the communities they operate in. According to the SBA, this comes out to 30.7 million businesses employing Over 59.9 million people, which is 47.3% of all U.S. employees. And when small businesses are doing well, large companies reap the benefits.