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American Express (NYSE: AXP) has teamed with the National Trust for Historic Preservation for a new grant program, “Backing Historic Small Restaurants,” which will provide more than $1 million to the owners of small, historic restaurants impacted by the COVID-19 pandemic.
What Happened: The program will award 25 grants of $40,000, funded by American Express and administered by the National Trust.
Eligible restaurants will need to be independently owned, operating for at least 25 years and located within a historic building or neighborhood.
The restaurants will need to show significant financial hardship due to the impacts of the pandemic and and not have already received significant pandemic-related assistance.