Lowe's to give $55 million in grants to small businesses during COVID-19

HOUSTON, Texas (KTRK) -- Small businesses struggling during the COVID-19 pandemic may be able to get some help soon.Home improvement chain Lowe's is giving away $55 million in grants.

Many small businesses were forced to shut down during the pandemic, and some are at risk of not reopening.With the help of a nonprofit called Local Initiatives Support Corporation, $33 million will go toward women and minority-owned businesses.

The remainder will support those in rural communities.

The nonprofit will provide guidance on navigating the plethora of private and public resources already available to small businesses.

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