Olympic Media gives over $100,000 to businesses stung by coronavirus, riots: ‘Don’t give up,’ says CEO

Ryan Coyne, CEO of Olympic Media

Without question, our country is currently experiencing a period of tumult unlike most of us have seen in quite some time — or ever.

Between outbreaks of new diseases, the roller-coaster stock market, renewed racial tensions, and political stalemate in Washington, D.C., America has certainly had better years. Throw in a national election and you can begin to understand why tens of millions of Americans are feeling overwhelmed.

But not all is bad. In fact, though these are certainly trying times, the American spirit remains alive and well, thanks to people like Ryan Coyne, CEO of Olympic Media.

Coyne announced Thursday that his company will be donating more than $100,000 to help businesses offset economic losses due to coronavirus-related shutdowns and ongoing riots following the death of George Floyd.

“I am enormously proud of the entire Olympic Media Team for their work ethic, dedication and generosity. It is because of each member of our team that we have the opportunity to lend a helping hand to the small businesses that our communities need,” he told BizPac Review.

“Our nation is strong because it is generous and compassionate. Having the opportunity to participate in projects like the VA 30 Day Fund is an honor and I encourage anyone that can do so – to do so,” he added.

“For most entrepreneurs, the cost of these difficult times is not limited to their income statements. The cost is really their people – waiters and waitresses, truck drivers and builders, cleaners and accountants,” Coyne said Thursday, in a statement announcing the donation.

“America is the envy of the world in part because, when faced with great adversity, we unite across all colors, creeds and ideologies to overcome together. It’s a privilege to have the opportunity to help and I couldn’t be more proud of our Olympic Media team for their hard work and dedication to giving back,” he added. 

“To those brave entrepreneurs and the millions of Americans around the country wondering how they will survive and rebuild — there is an army behind you more powerful than the obstacles ahead. Do not give up,” Coyne said.

Pete Snyder and wife, Burson, with their daughter

Unemployment rocketed from about 3.8 percent in February to nearly 13 percent in May following state-mandated coronavirus lockdowns that began in March as COVID-19 spread across the country.

More than 30 million Americans lost their jobs as scores of businesses were closed after being deemed ‘non-essential.’ As states reopen and the pandemic wanes, millions of Americans are going back to work. But unfortunately, a high percentage of businesses that were forced to close will never reopen.

Even as the coronavirus outbreak in the U.S. remained, demonstrations that often turned into riots and looting swept the country following the death of Floyd at the hands of police officers in Minneapolis.

Coyne noted that a portion of his company’s donations will be distributed through the  Virginia 30 Day Fund, which is a non-profit group providing small, forgivable loans to Virginia-based businesses. 

The fund was launched by Pete Snyder and his wife, Burson, because they sought to help Virginia-based businesses remain above water as they waited for federal assistance provided by Congress and the Trump administration.

“Burson and I simply are overwhelmed by the kindness and generosity of Olympic Media. We are proud to have them as partners for our continued efforts at the VA 30 Day Fund,” Snyder said.

“Both Ryan and Luke are tremendously talented entrepreneurs but they are even better human beings. They and their team are the very type of community-minded neighbors that you want watching your back in both good times and bad. We are grateful for their leadership and support,” Snyder added.

This isn’t the first gesture of generosity coming from the young entrepreneur. In 2019, Coyne launched the Working Warrior Foundation, an organization that seeks to assist veterans who are unemployed or underemployed find fulfilling jobs while also providing tools needed to transition back to civilian life.

Coyne founded his company in 2018 with a different philosophy than current digital ad firms. Specifically, the company provides “a zero-risk solution” for clients which involves investing in firms that decide to utilize Olympic Media. Taking that approach means if the client doesn’t do well, neither will Olympic Media.

“If advertising agencies are so good at what they do, they should invest in their clients financially and shoulder the risks themselves,” Coyne is quoted as saying on the company website.

In addition to engaging in politics and advocacy, Olympic Media, which is based in Alexandria, Va., also focuses on promoting sports and entertainment, as well as the intelligence and defense industries.

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Jon Dougherty

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