Uber and Visa announced a new program designed to support small and medium-sized businesses (SMB) in their transition to green and sustainable packaging solutions, as part of a broader year-long effort to support SMBs who use Uber Eats to grow their businesses.
Together, the two companies will make $1 million accessible to qualifying Uber Eats restaurants in New York, Los Angeles, London, Paris, and Madrid to be used towards funding sustainable packaging solutions to help transition to a greener future, which hospitality industry research indicates is a top priority for 2023.
Uber and Visa have launched this new initiative in Davos, Switzerland, where the companies are highlighting the impact of their shared 2022 Grants for Growth program that has supported US small business owners still recovering from the pandemic and other unexpected events.
Merchants received microgrants of $10,000, used for payroll, paying an outstanding debt to vendors, upgrading payment technology infrastructure, and other immediate operational costs.
A 2022 study by the US National Restaurant Association indicates that while the transition to sustainable packaging is a priority to many restaurants, the cost—and continued supply chain issues faced by the hospitality industry—make it difficult.
It’s the hope of Uber Eats and Visa that this new program is a small step in a positive direction for small business owners.
Details of the new partnership, including how restaurants can qualify and apply for funding will be shared here in the coming months.
In 2020, Uber made the ambitious commitment to be a zero-emission mobility platform by 2040.
To learn more, visit https://www.uber.com/us/en/about/sustainability/.
Visa has committed to net-zero emissions by 2040, and in 2020 achieved carbon neutrality and transitioned to 100% renewable electricity across its operations.
To learn more, visit https://www.visa.com/esg.