$800M to support small businesses and crisis response
1–10 of 92 posts
Re: $800M to support small businesses and crisis response
#2It's ridiculous that Google has to front a glove and mask company the working capital and donate the product to the CDC. That's what the government is supposed to do. The federal government should be providing interest-free working capital and guaranteeing the sale of every glove and mask anyone can produce.
Re: $800M to support small businesses and crisis response
#3Google is helping small businesses by providing Ad credits? Of all things a small business may need, Google thinks Ads are the solution? The response to this crisis has my cynicism and disdain for our system growing every day.
Re: $800M to support small businesses and crisis response
#4It's ridiculous that Google has to front a glove and mask company the working capital and donate the product to the CDC. That's what the government is supposed to do. The federal government should be providing interest-free working capital and guaranteeing the sale of every glove and mask anyone can produce.
I hope the confluence of this administration, plus this pandemic resulting in this piss-poor federal response, is something we'll never see again in our lifetimes.
I'm really glad somebody is stepping up to the plate in the meantime. Every bit counts.
Re: $800M to support small businesses and crisis response
#5[deleted]
Re: $800M to support small businesses and crisis response
#6It's ridiculous that Google has to front a glove and mask company the working capital and donate the product to the CDC. That's what the government is supposed to do. The federal government should be providing interest-free working capital and guaranteeing the sale of every glove and mask anyone can produce.
>It's ridiculous that Google has to
It doesn't have to. This is a choice Google is making on how it wants to conduct charity.
>The federal government should be providing interest-free working capital and guaranteeing the sale of every glove and mask
Sale at what price? It has to be bounded or else it sounds ripe for fraud (people are monsters).
> anyone can produce.
So is the loan for anyone that wants it? Or just for companies that have proven they can make gloves and masks? If the former, what stops people from just using the loan to fund salaries while making a ritual display of making masks for a few months and then declaring bankruptcy after collecting salaries during that time?
Re: $800M to support small businesses and crisis response
#7Google is helping small businesses by providing Ad credits? Of all things a small business may need, Google thinks Ads are the solution? The response to this crisis has my cynicism and disdain for our system growing every day.
If all you have is a hammer...
Realistically, apart from G Suite access for remote work, they don't actually have much to offer.
That being said, Google ad spend is a huge chunk of marketing budgets, so it probably will help the overall bottom line of these businesses a fair bit.
Re: $800M to support small businesses and crisis response
#8Google is helping small businesses by providing Ad credits? Of all things a small business may need, Google thinks Ads are the solution? The response to this crisis has my cynicism and disdain for our system growing every day.
Yep, ad money has suddenly dried up and auction prices have plummeted so might as well give away the ad credits to inflate the auction prices allowing both a higher tax deduction and better looking performance.
Re: $800M to support small businesses and crisis response
#9Google is helping small businesses by providing Ad credits? Of all things a small business may need, Google thinks Ads are the solution? The response to this crisis has my cynicism and disdain for our system growing every day.
If all you have is a hammer... Realistically, apart from G Suite access for remote work, they don't actually have much to offer. That being said, Google ad spend is a huge chunk of marketing budgets, so it probably will help the overall bottom line of these businesses a fair bit.
And GSuite limits for several services have already been lifted to Enterprise levels for all accounts in the previous week.
Re: $800M to support small businesses and crisis response
#10Google is helping small businesses by providing Ad credits? Of all things a small business may need, Google thinks Ads are the solution? The response to this crisis has my cynicism and disdain for our system growing every day.
Yes, when the time comes, (but only when the time comes), small business are going to need to tell their customers that they are back and available. Ad spend is a major expense for small businesses like restaurants and small boutiques, and not having that expense will be a big help to getting these companies operating again.
But Google is doing a lot more beyond that:
"A $200 million investment fund that will support NGOs and financial institutions around the world to help provide small businesses with access to capital.... This is in addition to the $15 million in cash grants Google.org is already providing to nonprofits to help bridge these gaps for SMBs."
"Direct financial support and expertise to help increase the production capacity for personal protective equipment (PPE) and lifesaving medical devices. We’re working with our longtime supplier and partner Magid Glove & Safety..."