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Google Announces Support For Small Businesses And Crisis Response

Google announced an over 800-million-U.S.-dollar commitment to support small- and medium-sized businesses, the World Health Organization(WHO), government agencies, and health workers, said CEO Sundar Pichai.
28 Mar 2020 18:54
Google Announces Support For Small Businesses And Crisis Response
Google CEO Sundar Pichai testifies before U.S. House of Representatives Judiciary Committee during a hearing on Capitol Hill in Washington D.C., the United States, on Dec. 11, 2018. (Xinhua/Liu Jie)

Google pledged more than 800 million U.S. dollars of support on Friday to help combat the coronavirus outbreak around the world.

“As the coronavirus outbreak continues to worsen around the world, it’s taking a devastating toll on lives and communities. To help address some of these challenges, today we’re announcing a new $800+ million commitment to support small- and medium-sized businesses (SMBs), health organizations and governments, and health workers on the frontline of this global pandemic,” said Sundar Pichai, CEO of Google and Alphabet.

According to Sundar Pichai, the commitment includes 250 million dollars in ad grants to help the World Health Organization (WHO) and government agencies provide critical information to contain the COVID-19.

A portion of 340 million dollars will be available as Google Ads credits to SMBs with active accounts over the past year and 200 million dollars of the investment fund will be used to support NGOs and financial institutions on helping small businesses with access to capital, in addition to tens of millions of dollars in other forms such as Google Cloud credit.

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