HUDSON – The Hudson Business Coalition (HBCi) has announced the launch of Hudson Bonds, a way to support the city’s shops, restaurants, galleries, entertainment venues and more. Most have been shuttered or heavily affected by the Covid-19 shutdown, are struggling to survive until the PAUSE is lifted, and are then expected to confront new challenges.
Hudson Bonds support local small businesses in two ways. They provide much-needed grants to help businesses make ends meet during the shutdown and create a base of sales for the businesses once it is safe to resume.
A donor purchases a Bond for two times the face amount. Half of the purchase is a tax-deductible contribution to the Hudson Business Coalition’s Small Business Relief Fund. The other half (in the form of a Hudson Bond) is theirs to spend at participating businesses. This helps to create a base of sales as businesses find their footing again. Read more…