North 5th Friends and Neighbors:
With over 330 active small businesses, the North 5th Street commercial corridor in Olney serves as a commercial and social hub in one of Philadelphia's most culturally diverse neighborhoods. The small businesses on our corridor are suffering from great financial losses due to business restrictions during the COVID-19 pandemic. In response, with support from the Local Initiatives Support Corporation (LISC) Philadelphia, the North 5th Street Revitalization Project has launched the Olney Relief Fund to aid small businesses in reopening while our community works together to heal and recover. We are asking North 5th friends, neighbors and people who support local small businesses to contribute any amount possible; there is nothing too big or too small. Your generosity is greatly appreciated, and will go directly toward aiding small businesses on the corridor.
While a number of financial relief resources have become available over the past months, these funding sources are highly competitive, and have struggled to provide financial support to the small businesses that need it most, particularly in low-moderate income neighborhoods. Without additional financial support, small businesses like the ones on the North 5th Street corridor will struggle to reopen and maintain the livelihoods of business operators. This would not only be a huge blow to the business community, but also to the unique culture and identity that allows North 5th Street to serve as a destination for gathering and exchange.
Your support will help us rebuild the community we love, and give back to the businesses that make 5th Street a more vibrant and welcoming place for all.
Funds will be distributed by the North 5th Street Revitalization project through a simple application process that will prioritize businesses that have not received funding from other sources, as well as Black-owned businesses. We are hoping that, with enough support, we will be able to alleviate some of the burden for as many business owners as possible.
Please consider supporting the businesses you already love and make a donation to the Olney Relief Fund.