American Express and the National Trust for Historic Preservation Announce 25 Recipients of the $1 Million “Backing Historic Small Restaurants” Grant Program
Summary
NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) and the National Trust for Historic Preservation today announced the 25 U.S. historic independent restaurants that will collectively receive $1 million in grant funding through the Backing Historic Small Restaurants grant program.Now in its second year, the program will award each establishment $40,000 in funding to help improve the restaurants physical space and offer the grantees critical operating costs to help them better serve their customers and grow their businesses.Backing Historic Small Restaurants and Backing International Small Restaurants are part of American Express wider Backing Small initiative aimed to provide small businesses with financial support and other resources to address critical needs. Backing Small builds on American Express legacy for supporting small businesses, which includes initiatives such as Shop Small, the Coalition to Back Black Businesses, and the Inclusive Backing grant program.These establishments have served their communities for decades, and they represent a diverse collection of cuisines and cultures that are integral to the fabric of their neighborhoods, said Madge Thomas, President of the American Express Foundation & Head of Corporate Sustainability. They include restaurants like Penn Brewery, which is majority women-owned and operates out of a facility that dates back to the 1800s.Community is very important to Penn Brewery, especially supporting local non-profit groups who help new artists and musicians, as well as, bringing awareness to the history of the neighborhood. Were very excited for our customers to see what the space will look like now that we have an option for covered outdoor seating, thanks to American Express and the National Trust for Historic Preservation. Penn Brewery and RestaurantTo learn more about the 25 historic establishments receiving this years grants please visit savingplaces.org/historicrestaurants.American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.