ATLANTA — The Atlanta billionaire founder of Spanx announced on Instagram that she is giving out $5 million to help female businesswomen struggling during the coronavirus pandemic.
Sara Blakely wrote that the donation will “provide 1,000 female business owners here in the United States with $5,000 in funding each.”
The grant size is symbolic for Blakely, who started her shapewear company 20 years ago with $5,000 in seed money, according to the Atlanta Journal-Constitution.
The woman that are selected will also receive an all-access annual pass to MasterClass, which is an online education platform.
“My hope is that with this funding and mentorship, you’ll find support and comfort during this time," Blakely wrote.
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