Sundar Pichai, CEO of Google, announced a $ 800 million pledge to support small and medium-sized enterprises (SMEs), health organizations and governments, and health workers at the forefront of this global COVID-19 pandemic.
The announcement came on his official blog, saying, “As the outbreak of coronavirus continues to deteriorate worldwide, it is taking a devastating toll on lives and communities. To address some of these challenges, we are announcing a new $ 800 million commitment today to support small and medium-sized enterprises (SMEs), health organizations and governments, and health workers at the forefront of this global pandemic. ”
Google will provide $ 250 million in ad grants to help the World Health Organization (WHO) and more than 100 government agencies around the world provide important information on how to prevent the spread of COVID-19 and other measures to support local communities can.
Technology giant Google will also provide $ 20 million in grants to community financial institutions and NGOs to make publicly available announcements about aid and other resources for SMEs.
A $ 200 million mutual fund will help NGOs and financial institutions around the world give small businesses access to capital. For example, we work with the Opportunity Finance Network in the United States to fill funding gaps for people and communities that are under-served by established financial institutions.
The pledge also includes $ 340 million in Google Ads credit support that was available to all SMEs with active accounts last year.
Sundar also announced a $ 20 million pool of Google Cloud credits for academic institutions and researchers to use our computing skills and infrastructure to investigate potential therapies and vaccines, track critical data, and explore new ways Combat to find COVID-19.
The CEO of Google wrote: “We are working with our longstanding supplier and partner Magid Glove & Safety to increase the production of 2-3 million face masks that will be made available to the CDC Foundation in the coming weeks.”
In addition, employees from across Alphabet, including Google, Verily, and X, bring technology, supply chain, and healthcare expertise to increase ventilator production, working with device manufacturers, retailers, and the government.
In addition to these commitments, Google has increased the gift offering that Google offers to each employee annually from $ 7,500 to $ 10,000. That means our employees can now donate $ 20,000 to organizations in their communities, in addition to the $ 50 million that Google.org has already donated.
“Together, we will continue to help our communities – including our businesses, educators, researchers, and nonprofits – meet the challenges ahead,” said Sundar Pichai.