Helping Small Business Prepare for and Recover From Disasters

Rhea-AI Summary

FedEx Corporation partners with small businesses through the Readiness for Resiliency Program (R4R) to support disaster-impacted small businesses in the U.S. The program offers $5,000 relief grants to prepared businesses after federal disaster declarations, with nearly 3,000 businesses prepared and 51 receiving grants. Grantees utilize funds for essential expenses like customer base building and inventory repair.

NORTHAMPTON, MA / ACCESSWIRE / February 20, 2024 / FedEx Corporation

Small businesses serve as the economic engine of the U.S. There are 33.2 million small businesses in the country, which account for 99.9% of all U.S. businesses. Yet, these businesses often struggle in the aftermath of disasters and how to prepare for the next one.

Developed in partnership with FedEx, the Readiness for Resiliency Program (R4R) is a multi-year initiative to support small businesses impacted by disasters. The program guides any interested small business in preparing for a disaster, and then offers quick-turn relief funding of $5,000 for those prepared businesses after a federal disaster declaration is made in their region.

To date, the R4R program-with additional support from Allstate-has helped prepare nearly 3,000 businesses for the next disaster and distributed $5,000 grants to 51 businesses across the country. Grantees report using the funds on crucial expenses such as building their customer base, paying employee salaries, and repairing damaged or lost inventory.

Click here to read the 2023 R4R Impact Report.

Post provided by the U.S. Chamber of Commerce Foundation

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Contact Info:
Spokesperson: FedEx Corporation
Website: https://www.3blmedia.com/profiles/fedex-corporation
Email: info@3blmedia.com

SOURCE: FedEx Corporation

View the original press release on accesswire.com

FAQ

What is the Readiness for Resiliency Program (R4R) about?

The R4R program is a partnership between FedEx Corporation and small businesses to aid disaster-impacted small businesses in the U.S. It offers $5,000 relief grants to prepared businesses after federal disaster declarations.

How many businesses have been prepared by the R4R program?

Nearly 3,000 businesses have been prepared by the R4R program.

How many businesses have received $5,000 grants from the R4R program?

51 businesses have received $5,000 grants from the R4R program.

What do grantees use the funds for?

Grantees use the funds for essential expenses such as building their customer base, paying employee salaries, and repairing damaged or lost inventory.