Lowe’s Increases Support For Small Businesses

As small businesses look to reopen in the coming weeks and months, Lowe’s is making a second $25 million commitment to support ongoing COVID-19 relief, bringing the company’s pandemic support to communities to $50 million.

In the first quarter, Lowe’s said it invested $340 million to support its associates, health care workers, first responders and communities.

The funds will support the community, including focused efforts to provide needed masks and other personal protective equipment for small businesses considering reopening as well as to offer small business grants through some of the company’s key partners, including its supplier diversity network. The funds will also expand support to small business home improvement professionals.

To help other retailers, the company also shared best practices and operational considerations during the COVID-19 pandemic with the Retail Industry Leaders Association.

“The hard work, tireless efforts and innovative spirit of our more than 300,000 associates have allowed us to significantly change many aspects of our business quickly to serve communities throughout the pandemic,” said Joe McFarland, Lowe’s evp/stores. “Our additional $25 million commitment to COVID-19 relief expands our support of small business as we look to help the country recover from this pandemic.”