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April 22, 2020

American Express forms coalition to help US small businesses amid Covid-19

American Express has formed a ‘Stand for Small’ coalition to provide support to small businesses in the US as they navigate the coronavirus (Covid-19) crisis.

The coalition includes over 40 firms across media, technology, consumer goods, professional services, and many other industries.

The company claims that the coalition will provide millions of small businesses in the US with valuable services, offers, tools and expertise.

These resources will not only help businesses cut operation costs but also enable them to remotely manage their teams and boost their digital capabilities, noted the company.

The initiative has made multiple resources available on a centralised digital platform.

American Express chairman and CEO Stephen Squeri said: “We’ve always believed in the power of partnership and could not be prouder to stand tall for small with more than 40 partners to offer meaningful support to small businesses during this challenging time.

“The companies joining Stand for Small all have legacies of supporting the more than 30 million small businesses in the US, and collectively, our goal is to provide them with valuable resources so that we can come out stronger together once this crisis ends.”

The coalition includes Amazon, BigCommerce and eBay, Adobe, AT&T, Bain & Company, Dell, Facebook, FedEx, GoDaddy, Google, IBM, LinkedIn, Microsoft, Salesforce, Uber and Verizon.

Other companies include Avis, Bill.com, BJ’s Wholesale Club, BlueSnap, Budget, Deluxe, Dentsu Aegis Network, DocuSign, Grainger, Hertz, iHeartMedia, Justworks, Melio, Menlo Security, Next Insurance, Paychex, Pilot, Sam’s Club, SAP, Signifyd, Staples, SurePayroll, Trulioo, UPS, and Zoro.

American Express further stated that the Stand for Small coalition will on-board more partners and services throughout the remainder of 2020.

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