Google pledges over $800M in new coronavirus crisis response efforts; $340M to support small businesses and $250M ads for WHO
Tech giant Google announced today it is offering $340 million in ad credits to small and midsize businesses with active Google ad accounts as part of an $800 million coronavirus response package, the company said in a blog post Friday.
“As the coronavirus outbreak continues to worsen around the world, it’s taking a devastating toll on lives and communities,” said Alphabet and Google CEO Sundar Pichai in a blog post Friday. “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.”
As part of the package, the company is also donating the following:
- A $200 million investment fund that will help NGOs and financial institutions provide small businesses with capital
- $250 million in advertising grants to help the World Health Organization and government agencies offer information on how to prevent the spread of COVID-19
- $20 million in Google Cloud credits for academic institutions and researchers
- Unspecified financial support to help increase production capacity for lifesaving equipment, including face masks and ventilators.
In a post on Twitter, Google CEO Sundar Pichai said: “We’re committing $800M+ in new #COVID19 response efforts, incl $340M in @GoogleAds credits for SMBs worldwide, $250M in ad grants for @WHO
& 100+ govt orgs globally, a $200M investment fund for NGOs & banks to help small businesses access capital, and more.”
We’re committing $800M+ in new #COVID19 response efforts, incl $340M in @GoogleAds credits for SMBs worldwide, $250M in ad grants for @WHO & 100+ govt orgs globally, a $200M investment fund for NGOs & banks to help small businesses access capital, and more https://t.co/oVj6MMs9Bl
— Sundar Pichai (@sundarpichai) March 27, 2020