Lowe's to give $2.5M to small businesses hammered by Hurricane Helene [FOX Business Network]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: FOX Business Network
Lowe's plans to provide millions in financial support to small businesses in North Carolina that were hit hard by Hurricane Helene, helping them recover during the holiday season after federal relief temporarily dried up. The $2.5 million fund will provide grants directly to small businesses in the state. It will also provide support to local business development organizations in advancing their work to help businesses navigate disaster relief aid . The fund is part of the company's $12 million pledge to support relief and recovery efforts in the wake of Helene and Hurricane Milton. The home improvement retailer is headquartered in Mooresville, North Carolina. Joel Cogdell, president of Lowe's South division, said that small businesses are the backbone of the local economy in western North Carolina, driving important industries like agriculture and tourism. Preliminary estimates by Moody's Analytics pegged the economic toll of Helene at around $34 billion. "Hurricane Helene
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