Google Pledges $175 Million To Support Black Entrepreneurs
The tech giant company Google announced $175 million+ economic opportunity package to support Black business owners, startup founders, job seekers and developers.
In addition to YouTube’s $100 million fund to amplify Black creators and artists. This new commitment includes:
- $50 million in financing and grants for small businesses, focused on the Black community and in partnership with Opportunity Finance Network.
- $100 million in funding participation in Black-led capital firms, startups and organizations supporting Black entrepreneurs, including increased investments in Plexo Capital and non-dilutive funding to Black founders in the Google for Startups network.
- $15 million in training, through partners like the National Urban League, to help Black jobseekers grow their skills.
- $10 million+ to help improve the Black community’s access to education, equipment and economic opportunities in our developer ecosystem, and increase equity, representation and inclusion across our developer platforms, including Android, Chrome, Flutter, Firebase, Google Play and more.
The commitments follow widespread protests over the death of George Floyd. Many companies across the US have started taking a look at their failures to support black communities and what they can do to improve opportunities for black employees and fight anti-black racism.
Google announced an initial $12 million in donations to fight racial inequities earlier this month. Other large tech companies, including Amazon and Facebook, have announced donations as well.