The Hartford Donates $1M To U.S. Small Businesses To Aid In COVID-19 Recovery
July 28 2020 - 8:00AM
Business Wire
- Company partners with Main Street America to provide grants of
$5,000 to $15,000 to small businesses with 20 or fewer employees
that have a brick-and-mortar presence in a community commercial
district
- Fifty percent of the funds will benefit diverse-owned
businesses
The Hartford committed $1 million in grants to support U.S.
small businesses in partnership with Main Street America, a
non-profit organization dedicated to strengthening communities
through preservation-based economic development.
The Hartford will sponsor grants ranging from $5,000 to $15,000,
as administered through Main Street America, to help businesses
with a variety of COVID-related hardship improvements, including
storefront modifications, technology to enable online sales, and
other operating model adjustments. Eligible businesses include
those which employ 20 or fewer employees and maintain a
brick-and-mortar presence within their community’s commercial
district. A minimum of 50 percent of grants will benefit
diverse-owned businesses, defined by the Small Business
Administration as minority, female, veteran, disabled and/or
LGBTQ-owned.
“The incredible resilience and innovation our small business
customers have shown as they’ve adapted to a new normal has been
inspiring,” said Stephanie Bush, head of Small Commercial and
Personal Lines for The Hartford. “We are committed to providing
them with support as they continue to navigate these challenging
times.”
Social distancing orders and the onset of various state-to-state
reopening plans have left small businesses vulnerable. A recent
survey by Main Street America found that 78 percent of respondents
had applied for federal relief associated with COVID-19 and only 48
percent of those had received funding. Small businesses –those with
fewer than six employees- had the least success obtaining relief,
only 39 percent received funding.
“COVID-19 has had a devastating impact on small, locally-owned
businesses and they need our support like never before,” said
Patrice Frey, president and CEO of the National Main Street Center.
“We are thrilled to partner with The Hartford to alleviate some of
the financial burden small businesses are experiencing and support
the resilience and recovery of older and historic Main Streets and
commercial districts.”
To learn more about eligibility requirements and to start a
submission, applicants can visit www.mainstreet.org/hartbeat.
The Hartford has been insuring small business owners for more
than 200 years and was one of the first carriers to create a
dedicated business unit for small commercial customers more than 30
years ago. The company, along with its agents, serves more than one
million small business customers.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter at
@TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG)
operates through its subsidiaries under the brand name, The
Hartford, and is headquartered in Hartford, Connecticut. For
additional details, please read The Hartford’s legal notice.
About Main Street America
Main Street America™ has been helping to revitalize older and
historic commercial districts since the late 1970s. Today, it is a
movement of more than 1,800 member organizations and individuals
who share both a commitment to place and to building stronger
communities through preservation-based economic development. Main
Street America is a program of the nonprofit National Main Street
Center, Inc., a subsidiary of the National Trust for Historic
Preservation.
HIG-S
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2019 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website and/or
social media outlets, such as Twitter and Facebook, to disseminate
material company information. Financial and other important
information regarding The Hartford is routinely accessible through
and posted on our website at https://ir.thehartford.com, Twitter
account at www.twitter.com/TheHartford_PR and Facebook at
https://facebook.com/thehartford. In addition, you may
automatically receive email alerts and other information about The
Hartford when you enroll your email address by visiting the “Email
Alerts” section at https://ir.thehartford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200728005528/en/
Media: Thom Cordeiro 860-547-8426
thomas.cordeiro@thehartford.com
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