Angela Lang / CNET
Facebook has announced that applications are now open for more than $ 40 million in subsidies to black-owned companies. As of Wednesday, majority U.S. black-owned companies with a maximum of 50 employees can apply for the grant online.
Black-owned companies can now even designate their Facebook page as black-owned. The indication will not appear publicly on the profile or page, but it will appear as black-owned in the Companies section nearby.
“This will make it easier for people to discover, report, buy goods or order food through third-party black-owned companies’ apps in their local communities,” Facebook said.
Read more: Black Lives Matter: Movies, TV shows and books on systemic racism
Facebook added that it has already distributed the majority of them COVID-19 grants to small businesses whose incomes are affected by the coronavirus pandemic.
It comes as protests by Black Lives Matter continue in the US as people demonstrate against the dead at the hands of the police of George Floyd, Breonna Taylor and Ahmaud Arbery, and against systemic racism.
Black Lives Matter. Visit blacklivesmatter.carrd.co to learn how to donate, sign petitions and protest safely.
