Providing opportunities for economic advancement

Last year, we announced a goal to spend $100 million with Black-owned suppliers, as part of our broader supplier diversity commitment to spend more than $1 billion with diverse-owned suppliers in the U.S. every year. To date, we’ve paid out nearly $1.1 billion to diverse-owned suppliers, exceeding our $1 billion goal for 2021. We are also on track to meet our $100 million commitment toward Black-owned suppliers for 2021.

We continue to offer resources for Black-owned businesses through programs like the Google Storefront Kits program, which provides small businesses with free Google Nest and Pixel devices, alongside free installation and Grow with Google online training. In the first 60 days of the program, we donated 3,000 Nest and Pixel devices to more than 550 Black-owned businesses across the U.S. We’ve updated the kits based on business owners’ feedback and aim to reach an additional 1,200 Black-owned businesses across more cities in the U.S.

Google’s commitment of $185 million has enabled Opportunity Finance Network (OFN) to establish the Grow with Google Small Business Fund and OFN’s Grant Program, funded by Google.org to assist Community Development Financial Institutions (CDFIs) working with underserved small businesses. To date, over $149 million in loans and grants has been disbursed to OFN member CDFIs, including $50 million to support Black-owned businesses.

We’re focusing on communities outside the United States, too. For example, in addition to the $15 million we invested in Black and Latino founders in the U.S., we’ve invested in 50 Black-owned startups in Africa, 29 Black-owned startups in Brazil and 30 Black-owned startups in Europe.

We’re also partnering with financial institutions like BlackRock, Goldman Sachs and JP Morgan to launch money market funds that promote racial equity. We’ve invested more than $1 billion in products that generate revenue for diverse-led financial institutions, like Loop Capital, and support programs like the One Million Black Women Initiative and the Thurgood Marshall College Fund.

Our racial equity work is an important part of our company-wide commitment to diversity, equity and inclusion. It takes thoughtful engagement with our underrepresented employees, including the Asian and Pacific Islander, Black, Latino and Native American communities — as well as people with disabilities, those who identify as LGBTQ+ and those who come from different religious backgrounds. Through this work, we’ll build a Google where everyone belongs and more helpful products for our users and the world.

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