Rules
 Grants are to be used for business needs and operations. Awards will be dispersed in $500 and $1,000 increments. Organizations who apply must have a dedicated checking account for the business.
The purpose of the grants is to help with loss of income due to business disruptions for public facing businesses. It will also assist with rent and utilities, debt service payments and business model pivots.

Timeline
Applicants now have the chance to encourage friends and family to vote for their business. Click the button once available.
Winners will be announced March 1, 2021.
Individuals can remain up-to-date by following the Penny Foundation’s social media pages, @thepennyfdn on Facebook, @thepennyfoundation on Instagram and Penny Foundation on LinkedIn.

Criteria
 Businesses will be awarded in three categories, which include:
1. Businesses in the Concept Stage
2. Businesses Established for 1 – 5 Years
3. Businesses Established for More than Five Years