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Accion East and Online – New York

$5, $10, or $25 Donation to Help Accion East and Online Provide Microloans to Businesses Impacted by Hurricane Sandy

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Sat Nov 10 04:59:59 UTC 2012
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In a Nutshell

Donations help fund microloans to support small businesses affected by Hurricane Sandy in New York, New Jersey, and Connecticut

The Fine Print

The Issue: Small Businesses Impacted by Hurricane Sandy

On Tuesday, October 30, the East Coast awoke to the effects of Hurricane Sandy. Winds of up to 80 miles per hour, a storm surge of nearly 14 feet, and enough rain to close the New York Stock Exchange—the first time weather has closed it since 1888—left millions of workers stuck at home and hundreds of stores closed and flooded, the New York Daily News reported. Wind damage and loss of power have impacted homeowners, and this, coupled with a severely damaged transit system, has affected businesses as well. Small and privately owned businesses are especially vulnerable, and the initial results of such a weather system, combined with the lingering impact of a recovering population, could prove an insurmountable challenge for many. According to an article from the New York Times, economic losses from the storm could range from $10 billion to $20 billion.

The Campaign: Funding Microloans for Affected Businesses

Every $5, $10, or $25 donation to this Grassroots campaign will help Accion East and Online fund microloans to assist small businesses as they recover from Hurricane Sandy. Accion will serve as an economic first responder, using its deep relationships within the communities to help pinpoint where financial aid could have the most impact. Each microloan will aim to meet the immediate needs of local business owners, funding reconstruction and equipment purchases, as well as inventory replacement and additional working capital.

Check out more Groupon Grassroots campaigns here.

Accion East and Online

Since opening its first US office in Brooklyn more than two decades ago, Accion East and Online has been committed to supporting communities and strengthening small businesses. By assisting entrepreneurs in acquiring capital despite limited collateral and credit history, the organization has helped to bolster the economy during its ups and downs, and helped to produce jobs. Each microloan, which ranges between $500 and $50,000, lets small businesses purchase the necessities to start, expand, and thrive. Today, Accion has provided more than $119 million through 19,000 microloans, and helps businesses not only along the East Coast, but nationwide through in-person and online loan applications.

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Groupon Says

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The Groupon Guide to: Overdoing Halloween Decorations

The scariest house in any neighborhood is the one that’s clearly overdoing it on the Halloween decorations. If you have any of these decorations in your yard, that terrifying house might be your own:

  • Fake tombstones with the names of different local pets
  • An alive homeowner pretending to be a half-buried scarecrow so he can grab your ankle without asking
  • Incredibly realistic murder scene that the neighborhood single guy spent way too much time on
  • Frankenstein with two extra arms stitched on to accommodate six live chainsaws
  • Sixteen-foot-banner reading “There’s a 50% Chance Your Parents Will Get Divorced"
  • A bunch of angry dogs
  • A realty sign that says “For Sale … BY A GHOST!”
  • Christmas decorations already? Ugh—this country is SPOOKILY consumerist.

How can you tell when you’re overdoing it on the Halloween decorations?

Accion East and Online

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    New York

    115 E 23rd St # 7
    New York, New York 10010
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