Google commits USD 800 Million for COVID-19 crisis response
Google CEO Sundar Pichai announces that the tech giant is committing over USD 800+ million to support small businesses and the COVID-19 crisis response.
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| Google aids in relief efforts |
USD 800,000,000 to fight COVID-19
On the official blog page of Google, CEO Sundar Pichai announces that it is committing over USD 800,000,000+ to help address the devastation COVID-19 has brought to lives and communities. This pledge is aimed at supporting small- and medium-sized businesses (SMBs), health organizations and governments, and health workers on the frontline of the pandemic.
Over USD 250M in ad grants is for helping the World Health Organization (WHO) and over 100+ government agencies worldwide to provide information on COVID-19 spread prevention. In addition to this, the search giant is providing another USD 20M in ad credits to NGOs and community financial institutions to aid in relief fund announcements.
USD 200M will be an investment fund for NGOs and financial institutions to help SMBs USD 340M worth of Google Ads credit for SMBs that have active accounts over the past year. These credits will be usable until the end of 2020.
USD 20M worth of Google Cloud credits will be given to academic institutions and researchers who are searching and developing ways to combat COVID-19.
Google is also providing financial support and expertise in increasing the production of personal protective equipment and life-saving medical devices. Google, Verily and X will facilitate these relief efforts.
The company is also working with Magid Glove and Safety to produce over 3 Million masks that will be provided to the CDC Foundation.
Lastly, Google has increased the annual gift match amount for its employees from USD 7,500 to 10,000 which can be donated to organizations in the employee's communities.
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