According to the post, Google searches for “Black Owned Companies” are up 600% in the last 12 months. However, a report found that 41% of black-owned businesses had been shut down because of. Google partnered with Opportunity Finance Network to provide more than $ 30 million in loans and grants to support these companies, as part of the tech giant’s $ 50 million pledge through the Grow with Google Small Business Fund unveiled in June .
As part of Google’sTo support under-represented entrepreneurs, the company will integrate the Black-Owned Business attribute into the digital skills training programs offered to Black Business Owners through Grow with Google Digital Coaches. Digital coaches provide free mentorship, networking and workshops to Black and Latinx companies in the US.
Google recently expanded its Grow with Google Digital Coaches program to 20 cities in the US, reaching an additional 50,000 Black-owned businesses. According to the post, Google’s digital coaches have trained more than 58,000 black and Latino small business owners to date.
In July, the Google for Startups Accelerator for Black Founders also started work with an initial cohort of 12 startups. The group includes the founders of Clerkie, a company designed to help Americans get out of debt; Upswing, aimed at improving the online education system; and MindRight Health, which provides digital mental health services for young people. According to a blog post, the founders receive training and support from Google and other industry experts on technical challenges, business growth, and outside investment opportunities.
Black Lives Matter. Be here ways to support the BLM movement in the long term.