Lowe’s to give away $55M in small-business grants

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FILE – In this Nov. 14, 2011 file photo, customers walk toward the Lowe’s store in Saugus, Mass. Lowe’s Cos. (LOW) on Wednesday, Nov. 20, 2019, reported fiscal third-quarter net income of $1.05 billion. (AP Photo/Michael Dwyer/File)

(WIVB) – Lowe’s is giving away $55 million in grants to small businesses that are struggling during the pandemic.

Applications are due Monday.

The home improvement chain is providing the funds through a non-profit called the Local Initiatives Support Corporation.

A Lowe’s spokesperson said $30 million will go to women- and minority-owned businesses.

The rest will support those in rural communities.

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