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Google Will Spend Nearly $75 Million on Pandemic-Hit SMBs 

By ET Bureau - June 08, 2021 1 Mins Read

Google Will Spend Nearly _75 Million on Pandemic-Hit SMBs

Google has recently announced that it is collaborating with the European Investment Fund and two other organizations from Asia as well as Latin America. The deal is offering roughly $75 million funds to the small and medium-sized businesses – which are suffering from the impact of the pandemic.

This funding is a part of the $800 million initiative and was announced back in 2020, in response to the COVID-19. The technology giant noted it would invest in two EIF capitals, provided that $15 million in loan capital to nearly 1,000 European SMBs and $10 million towards EIF’s venture capital fund backing.

Source: ETCIO

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