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Tags: George Floyd Protests | facebook | racial | justice | black

Facebook Pledges $200M to Support Black-Owned Businesses, Organizations

facebook on a computer screen
(Dan Kitwood/Getty Images)

By    |   Thursday, 18 June 2020 07:33 PM

Touting its vows to fight for racial justice, Facebook on Thursday said it was committing $200 million to support black-owned businesses and organizations. 

The statement was from the social media giant’s chief operating officer Sheryl Sandberg, who said the pledge was in addition to a “broader $1.1 billion investment in Black and diverse suppliers and communities" around the country in the wake of the May 25 death of George Floyd.

"The past few weeks have compelled us to confront the reality of violence and injustice which members of the Black community face on a daily basis," Sandberg wrote. "We have shared words of support for our friends, colleagues and communities. We need to take action as well."

As part of the announcement, Facebook will commit to expanding its free Elevate work-training program to at least 1 million black people within the next three years.

The company additionally plans 100,000 scholarships to black students on track to attain their digital skills certification, as well as the launch of a new Facebook feature entitled Lift Black Voices.  

The company also pledged to diversify its workforce, committing to have 50% of its staff be from underrepresented communities by the end of 2023.

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Touting its vows to fight for racial justice, Facebook on Thursday said it was committing $200 million to support black-owned businesses and organizations.
facebook, racial, justice, black
216
2020-33-18
Thursday, 18 June 2020 07:33 PM
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