The drive-in movie trend continues to grow, as Lowe’s joins Walmart in repurposing parking lots into makeshift theaters.
At the same time, Lowe’s announced that while the country waits to see if additional coronavirus relief funds are coming, they’re planning to give millions of dollars to small businesses.
Here’s what’s going on:
Lowe’s is giving away $25 million to small businesses in rural communities.
Lowe’s has teamed up with the pro-small-business nonprofit Local Initiatives Support Corporation (LISC) to give out up to $20,000 grants to more than 1,200 businesses. During this tough economic time, the grants are designed to help these companies:
- Pay rent/utilities
- Meet payroll
- Pay outstanding debt to vendors
- Upgrade their technology infrastructure
- Pay for other immediate operational costs
Priority is given to “hard-hit rural communities.”
They’ve also pledged $30 million to minority-owned businesses.
Lowe’s is also giving away an extra $30 million in small business grants to companies owned or led by minorities and women — groups who often have reduced access to these kinds of funding opportunities.
Drive-in movies held this summer will benefit the small business grant program.
Select stores in North Carolina and Georgia will be able to attend drive-in movies at their Lowe’s parking lots, starting July 17.
The drive-ins will accept donations, and Lowe’s will match those donations up to $50,000 to support additional grant programs in the host communities.
The Charlotte, NC store will show “The Secret Life of Pets” and “The Pursuit of Happyness.” A similar event will be held in early August in Cornelia, GA. Additional events are being planned.
The next round of grant applications starts July 27, 2020.
If you or someone you know wants to apply for a Lowe’s grant, visit the Lowe’s-LISC Partnership website and register. Once the program starts accepting new applications, you’ll be notified and receive instructions about how to apply.