CommunityWorks received a $300,000 grant from Truist Financial Corp. to support small businesses facing the effects of COVID-19 throughout South Carolina. CommunityWorks said today the grant will be instrumental in advancing the organization’s efforts to help small businesses.
As part of its partnership with OneSpartanburg Inc.’s Bringing Back the Burg Fund, CommunityWorks has pledged to use $50,000 of the grant specifically for COVID-19 recovery efforts for Spartanburg businesses, according to a news release.
“This incredibly generous gift from Truist will be instrumental in the work we are doing to help businesses survive COVID-19,” Tammie Hoy Hawkins, CEO of CommunityWorks, said in the news release. “We are thankful for the support of Truist to strengthen communities in this trying time.”
OneSpartanburg Inc. and CommunityWorks established the Bringing Back the Burg campaign as an ongoing effort to financially assist qualifying small businesses impacted by COVID-19 through low interest and forgivable loans, the release said. The grant from Truist is part of the financial services company’s Truist Cares initiative.
CommunityWorks helped nearly 200 small businesses apply for and receive more than $2.6 million in funding through the Paycheck Protection Program, the release said. The organization continues to seek relief sources for businesses impacted by COVID-19, including several in-house financial relief products. The Truist Cares grant will support the programs of CommunityWorks and allow the organization to serve more individuals through small business technical assistance, coaching and low interest recovery loans.
“We’re proud to partner with CommunityWorks to support small businesses across our state during this challenging time,” Mike Brenan, South Carolina regional president at Truist, said in the release. “Small businesses are vital to our economy, and helping them thrive throughout the pandemic and beyond is one way we’re fulfilling the Truist purpose to inspire and build better lives and communities.”
CommunityWorks was established in 2008 as a local housing trust fund through a partnership of the city of Greenville, United Way of Greenville County and Greenville County Redevelopment Authority.o