Insurance Provider Donates $180,000 to Promote Atlanta’s Economic Stabilization
CareSource, a leading multi-state managed care plan, announced Monday a donation of $180,000 from the CareSource Foundation for the RESTORE ATL Fund, created by the Metro Atlanta Chamber (MAC). The Fund will support black-owned small and medium-sized businesses impacted by the COVID-19 pandemic. The announcement was made by Bobby Jones, Georgia market president at CareSource.
The RESTORE ATL Fund will provide immediate gap assistance to affected businesses in metro Atlanta through the distribution of grants in the amounts of $5,000-$10,000. The funds can be used for operating expenses including rent, utilities, payroll and other business-related needed. The grants will be reviewed and awarded within two to three weeks of the application deadline of July 6. The Fund builds on the work of MAC’s RESTORE task force, a diverse group of business leaders which aims to provide a blueprint for how metro Atlanta and Georgia might accelerate economic recovery.
Applications for the Fund open on Monday, June 22 and will close on Monday, July 6.
“While we recognize that this fund will be a small step to restoring our region’s economy, we are proud to build on the work of RESTORE, as well as our understanding of the disproportionate impact COVID-19 has had on our region’s black community,” said Metro Atlanta Chamber president and CEO Katie Kirkpatrick. “Atlanta has long been known as a place where black entrepreneurs have had success. We want to honor this important part of our legacy and support black-owned businesses. We appreciate the CareSource Foundation for its generous donation as we position our region for the future.”
“CareSource’s history of supporting both the health of our members and the surrounding communities made our choice to support small businesses with the RESTORE ATL Fund an obvious decision,” added Jones. “We are proud to support our fellow Georgians through these unprecedented times as a partner of the Metro Atlanta Chamber.”
MAC established the RESTORE task force in April to deliver a comprehensive list of policy solutions that federal, state and/or local governments in Georgia can apply to rapidly recover from the economic recession. The group took on this important task while prioritizing the health of Georgia’s families and neighbors, and taking into account the state’s most vulnerable populations.
The Dayton-based health plan has pivoted their charitable resources to support both front line health care providers, to meet the variable community needs around social determinants of health and, most recently, to support small businesses in their local markets. Last month, CareSource, in collaboration with the Dayton Area Chamber of Commerce, announced a program to support Dayton local businesses affected by the economic disruption amid the pandemic. This economic program is being replicated in CareSource’s four additional markets.
For more information on the RESTORE ATL Fund please visit: https://www.metroatlantachamber.com/restore-atl-fund
CareSource is a leading nonprofit multi-state health plan serving government sponsored programs and is nationally recognized as an industry leader in providing member-centric health care coverage. Founded in 1989, CareSource administers one of the nation’s largest Medicaid managed care plans. Today, CareSource offers individuals and families comprehensive health and life services including Marketplace and Medicare Advantage plans.
Headquartered in Dayton, Ohio, CareSource serves over 1.8 million members in Ohio, Kentucky, Indiana, West Virginia and Georgia. CareSource understands the challenges consumers face navigating the health system and works to put health care in reach for those it serves.
For more, visit caresource.com, follow @caresource on Twitter, or like CareSource on Facebook.
About the Metro Atlanta Chamber
The Metro Atlanta Chamber (MAC) serves as a catalyst for a more prosperous and vibrant region. To advance economic growth and improve metro Atlanta's quality of place, MAC is focused on starting, growing and recruiting companies to the 29-county metro Atlanta region. The Chamber is also focused on growing the region's innovation economy by promoting and strengthening connections to drive Atlanta's innovation and entrepreneurial culture. MAC is committed to being an active voice for the business community, serving as an advocate for a competitive business climate and telling Atlanta's story. For more information, visit www.metroatlantachamber.com
Senior Manager of Marketing, Brand Communications
NJones@macoc.com ; 404-586-8458
Manager, Media Relations
Joseph.Kelley@CareSource.com ; 513-509-8466