Internet search giant Google has pledged $800 to support health organizations, small businesses, and government agencies affected by the Coronavirus pandemic.
"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 business (SMBs), health organizations and governments, and health workers on the frontline of this global pandemic," said Sundar Pichai, CEO of Google and parent company Alphabet.
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From the $800 million grant, Google says $250 million in ad grants will go to the World Health Organization (WHO) and over 100 government agencies around the globe to help provide critical information on how to prevent the spread of COVID-19 and as well, measures to help local communities.
Now this $250 million in ad grants is an increase from the $25 million Google announced last month to help NGOs run announcements and other information that will help keep people safe from the crises.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
Also from the $800 million, a $200 million investment fund will be used to "support NGOs and financial institutions around the world to help provide small businesses with access to capital." This is also an increase from the $15 million in cash grants which Google.org is providing to nonprofits organizations.
$340 million in Google Ads credit will be made available for small and mid-size businesses to help foot some of the cost of staying in touch with their customers. Also, a $20 million in Google Cloud credits will also be pooled together for academic institutions and researchers to use the companies services as they try to study COVID-19 and work toward therapies and vaccines.
Google says it will also be provide "direct financial and expertise to help increase the production capacity for personal protective equipment (PPE) and life saving medical devices." The search giant will work with partner companies and suppliers to produce 2- 3 million face masks and as well ventilators and other medical equipments.
Additionally, Google will increase its gift matching of $7,000 offered to employees to $10,000 annually. This increases the limit for employee donation doubling by $2,500 to $20,000 in total.
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