Google Meets $50 Million Commitment to Support Black-Owned Businesses

Caroline Valvardi

OFN and Google continue to direct significant investment and grant capital to CDFIs working on the ground to help small businesses in financially underserved communities across America with short-term pandemic recovery and long-term financing needs.

As we recognize Juneteenth this week, we applaud Google for meeting the company’s $50 million commitment made in June 2020 to support Black-owned businesses and help fulfill the promise of emancipation. To date, $119.95 million in loans and grants have been disbursed to OFN member CDFIs.

OFN is pleased to announce eight CDFIs have received Grow with Google Small Business Fund loans and grants in our most recent round of funding:

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