Marvin Ellison: $25 Million Grant
on Sunday, June 7, 2020Marvin Ellison Money Quote saying as CEO of Lowe’s Home Improvement that they are investing in communities by awarding small businesses grants to help them reopen after coronavirus shutdowns. Marvin Ellison said:
“We have a $25 Million Grant that we’re going to be giving out to small businesses that are reopening to help them with PPE and other things that they need that they probably can’t afford just to get up and going. These are going to be minority businesses and other businesses that are now starting to reopen” — Marvin Ellison
Share the Marvin Ellison Money quote image above on your site:
Short Link to this Quote:
In this quote, Marvin Ellison seems to be announcing a grant program to support small and minority-owned businesses that are reopening after closures due to the COVID-19 pandemic. By mentioning a $25 million grant that will help such businesses with expenses like personal protective equipment and other needs to “get up and going” as they reopen, Ellison indicates the funds are intended to ease costs that may prevent these businesses from restarting operations as public health restrictions are eased.
The quote conveys Ellison’s perspective that targeted financial assistance can help address economic barriers that could disproportionately impact minority and small business owners seeking to resume operations amid an ongoing recovery. Overall, Ellison appears to be advocating this grant as a way to promote equity and smooth the path for vulnerable businesses to participate fully in the reopening economy through assistance with immediate costs posed by new safety protocols.