Stakeholder report 2021
Hair stylist in mask speaks with customer in mask

Business Support

Big Support for Small Business

Before the 2020 pandemic, the U.S. Small Business Administration reported that small businesses generated 44% of U.S. economic activity. So, it’s no surprise that, when the coronavirus pandemic threatened our health, it also devastated our local economies.

In the earliest stages of the pandemic, when federal and state regulators were debating small business funding packages, CareSource took a proactive approach to support our business neighbors. In April and May of 2020, the CareSource Foundation® contributed $1 million to help local communities survive the health and economic crisis. While we pivoted our charitable resources to support frontline health care providers and meet the variable community needs around social determinants of health, we also saw the need to support small businesses in our local markets.

These vital funds helped businesses pay rent, employee salaries and operating costs as a stopgap relief, pending the release of federal and state funds. Noting the urgency of the financial crisis, these funds were quickly turned over to the communities where they could do the most good.

Donations in all five of our member states included:

Donation In Ohio
To Re-open Downtown Dayton, a partnership between the Dayton Area Chamber of Commerce and Downtown Dayton Partnership.
Donation In Indiana
To the Ready to Restart Program, administered by the Indy Chamber through its Business Ownership Initiative. Over 800 businesses took advantage of the funds.
Donation In Georgia
To the RESTORE ATL Fund, supporting Black-owned small and medium-sized businesses in Atlanta. Also a $5,000 donation to the Coastal Empire’s COVID-19 Rapid Response Fund assisting small businesses in Savannah.
Donation In Kentucky
To the Frankfort Area Chamber of Commerce and Frankfort First Foundation.
Donation In West Virginia
To the Charleston Area Alliance for Economic Stabilization.

By doing our part to keep the economic engine of our local economies sustained through the earliest days of uncertainty, CareSource helped businesses plan for the future, knowing that we support their health just as we support the health of our members.

“CareSource’s history of supporting both the health of our members and the surrounding communities made the choice to support small businesses quite clear. We’re proud to help through these unprecedented times.”

– Michael Taylor, CareSource West Virginia/Kentucky Market President


Skyline of Dayton Ohio along river
The CareSource Economic Impact on Ohio