June 3, 2020 (Philadelphia, PA) – The Pennsylvania 30 Day Fund today announced that it will deploy at least $100,000 for diverse small businesses who have suffered loss due to property damage and looting. The nonprofit organization provides $3000 forgivable loans to small businesses owners who complete a simple application and submit a video. The Fund launched on May 7, 2020, and has already funded over 70 companies, including 36 minority-owned small businesses, impacted by COVID-19.
“Our intention was always to help small businesses in Pennsylvania survive for 30 days as they create the plans and get the support they need to continue operating,” said Jeff Brown, Board member of the PA 30 Day Fund and CEO of the ShopRite chain of Brown Superstores. “We now see small business owners who are suffering from looting and violence, and those businesses are disproportionately owned by people of color. Our Board is determined to help them survive, and we have $100,000 we plan to distribute within the next week.”