Facebook announces $200M to support black-owned businesses, organizations

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Facebook will be investing an additional $200 million to support black-owned businesses and organizations in the U.S., the company announced this week. Eligibility details have not yet been released by the company, which has a data center in Altoona and established a small business relief fund for East Polk County businesses affected by the COVID-19 pandemic in May. This week, Facebook pledged $75 million in grants and ad credits for black-owned businesses and nonprofits; $25 million in support of black content creators; a commitment to reach 2 million members of the black and Latino community with digital skills training workshops; awarding 100,000 scholarships to black students working toward digital skills certifications; and donating $5 million to more than 250,000 Facebook Fundraisers set up by users to benefit the Equal Justice Initiative, Thurgood Marshall College Fund and the Innocence Project. Facebook also announced it would create a new Lift Black Voices space to highlight stories from black people and share educational resources.