Disney's Bob Iger, wife Willow Bay donate $5M to Los Angeles small businesses struggling in pandemicJanuary 23, 2021
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Disney executive chairman Bob Iger and his wife, Willow Bay, dean of the University of Southern California's Annenberg School for Communication and Journalism, have donated $5 million to help small businesses struggling through the coronavirus pandemic.
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Los Angeles Mayor Eric Garcetti announced the gift during a COVID-19 news conference on Thursday.
“We are beyond grateful for your bold leadership,” Garcetti said of the couple, adding that the $5 million would help 1,000 of the “hardest-hit” businesses in every neighborhood of the nation's second-largest city.
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The mayor said all of the businesses that would be helped have been on a wait list that continues to grow as funds have dried up while the city waits for federal assistance.