April 2020 - HERO Small Business Relief Fund Grant Update

Birmingham Alabama, April 30, 2020 – Harbert Management Corporation (“HMC”), in conjunction with its internal foundation Harbert Employees Reaching Out (“HERO”), is pleased to provide an update on the progress of the HERO Small Business Relief Fund (“HSBRF”). HSBRF was launched on April 16, 2020 in response to the COVID-19 pandemic and related economic disruption.

In the first two weeks of the program, the HSBRF Grant Committee has internally approved 32 applications, totaling $552,500 in grant funds. HSBRF has begun communicating approvals to these businesses and is working to get grant checks in their hands as soon as possible. “Our whole firm is so grateful to be in a position to help our local small business community in this time of great need and we are pleased to be able to get these funds out promptly to help these businesses stay afloat,” said John Harbert, who is leading the HSBRF initiative.

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