Google & Facebook are committing to invest $375 million towards racial equity.

Earlier this month, all the big players of the tech game stepped up their effort to fight against social injustice and inequality. From Microsoft, Amazon, IBM denying to sell facial recognition software to the police to Apple & YouTube committing to donate $100 million each to help black communities.

And now, Google and Facebook announced their additional commitments towards the cause, this follows their announcements earlier this month highlighting some of their efforts. 

And now here’s the latest from both:



Facebook 

In the latest blog post, Facebook announced an initiative of helping & investing $200 million to support black communities, black-owned small businesses,  black creators, nonprofits & other organizations, in the US. 

  • Out of that $100 million will go to Black-owned small businesses, Black creators, and nonprofits that serve the Black community in the US. Including $25 million in support of Black creators and $75 million in grants of cash and ad credits to support Black-owned businesses and nonprofits that serve the Black community.
  • Also to support people who’re raising money for Juneteenth, Facebook will donate $5 million ($19 each) to over 250,000 Facebook Fundraisers created for three racial justice organizations: Equal Justice Initiative, Thurgood Marshall College Fund, and the Innocence Project.

Facebook will add a section in their app called Lift Black Voices – That’ll feature stories from black people, share educational resources & inspire others to take action for racial justice causes. And on Instagram, accounts will be highlighted to help people take action for racial justice. 



Facebook’s also committing to diversifying its workforce:

  • Committing to having 50% of their workforce from underrepresented communities by the end of 2023, and working to double the number of Black and Latinx employees in the same timeframe.
  • And over the next five years, committing to have 30% more people of color, including 30% more Black people, in leadership positions. While also continuing to increase the representation of women in leadership.

They’re also planning to reach 1 million members of the Black community and 1 million members of the Latinx community in the US through a program called Elevate that provides free training in the digital skills they need to succeed, from setting up an online presence to creating marketing materials and more. 

Google

Google’s committing to “create economic opportunity” by spending $175 million+ to support Black business owners, startup founders, job seekers, and developers. This comes in addition to YouTube’s $100 million pledge for amplifying Black creators and artists. This includes:



  • $100 million in funding participation for Black-led capital firms, startups, and organizations supporting Black entrepreneurs, including increased investments in Plexo Capital and non-dilutive funding to Black founders in the Google for Startups network.
  • $15 million in training, through partners like the National Urban League, to help Black jobseekers. 
  • $10 million+ to help improve the Black community’s access to education, equipment, and economic opportunities in our developer ecosystem, and increase equity, representation, and inclusion across our developer platforms, including Android, Chrome, Flutter, Firebase, Google Play and more. 
  • $3 million to support black students with a focus on computer science education.

Like Facebook, Google is also committing to diversify and improve their workforce:



  • Committing to improving Black employee representation (currently at 2.6 percent) at senior levels and setting a goal to improve leadership representation of underrepresented groups by 30 percent by 2025. 
  • Addressing representation challenges and focus on hiring, retention, and promotion at all levels.
  • Establishing a range of anti-racism educational programs that are global in view and able to scale to all Googlers.
  • Focusing on better supporting the mental and physical health and well-being of the Black community at Google.



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