Saturday, July 20, 2024

Google to invest around $75 Million in small businesses hit by Coronavirus

Google is collaborating and teaming up with EIF- the European Investment Fund and two other organizations from Asia and the Latin America in order to provide $75 million in funding to SMEs like the small and medium-sized companies that are suffering losses due to Coronavirus pandemic.

These funds are the part of $800 million initiative that was announced last year in March just in response to this pandemic of COVID-19.

Google will work in Latin America with the Inter-American Development Bank in order to allocate around $8 million in small companies.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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