World has come to a standstill owing to Coronavirus, and the situation is worsening with every next sunrise. It is taking toll on common people and businesses alike. Governments and companies are coming forward with small business stimulus packages to support our financial ecosystem. In these testing times, businesses are facing an unprecedented economic disruption and financial institutes have to come forward to rescue the backbone of economy. Governments and monetary funds, vendors around the world have stepped in to lend a hand. Even in the field of technology, the companies are offering their products at a considerable discount.

Here is what some of the biggest companies in different lines of business are doing.

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Google announced $800+ million commitment to support small- and medium-sized businesses (SMBs), health organizations and governments, and health workers on the frontline of this global pandemic. $250 million in ad grants to help the World Health Organization (WHO) and more than 100 government agencies globally. A $200 million investment fund that will support NGOs and financial institutions around the world to help provide small businesses with access to capital. $340 million in Google Ads credits available to all SMBs with active accounts over the past year. $20 million in Google Cloud credits for academic institutions and researchers
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Amazon.com launched a free collection of audiobooks for children, easily streamed on any gadget. New users can avail themselves of Amazon’s Kindle free e-book for two months. It will help the small businesses in partnership with Amazon and providing audio streaming on their portals.
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Microsoft is offering a six-month free trial for basic package of Office 365 enterprise to some certain businesses. Also by making Teams available to maximum people, they are trying to support the fields like safety and health.
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Comcast seems to keep people at home at any possible cost by providing them attractive packages. A 60-day free internet service to all those who are earning below satisfactory income level, increase in speed, no disconnection in case the users cannot pay the bills.
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Zoom Video Communications (ZM) is one of the most popular tools used for official meetings and online lectures. Free users had to reconnect after every 40 minutes, but now they have overturned this ban in order to provide easy access to schools, colleges, offices etc which cannot afford to set up such communication platforms.
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Governments at the forefront

United States of America
The House and Senate have finally both passed and President Trump has signed a $2 trillion plus stimulus relief package to help American families and businesses make it through the coronavirus pandemic.
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United Kingdom
UK government has announced a grant for those who are running their own small business. They can apply for 80% of their average monthly profits to fight the consequences of corona virus. A sum of £2,500 to the max is allocated to an individual with receiving date starting from June the 1st.
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Australia Government
For a span of six months, the government has announced a package of $130bn for 6 million workers in view of corona virus pandemic. Small units experiencing the severe effects may apply for $1,500 a fortnight for every individual staff member.
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France Government
A €45bn tax cuts and €300bn worth of loan have been endorsed by the finance minister. In addition to this, government is ready to nationalize large companies if the situation worsens.
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European Countries
€500bn relief package has been agreed upon by EU finance ministers in Brussels to help out the European countries battling against the ever-growing plague.
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UN Package for Developing Countries
UN has stepped in to recover developing countries from this danger or at least face this challenge without losing hope. Such countries will have special rights to draw money out of $1 trillion disbursed to them. Furthermore, debts amounting $1 trillion will be waived off, and $500 billion grant allocated for recovery from this infection.
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Finally, we are indebted to the larger-than-life first responders from all walks of life, be it doctors, nurses, researchers, public health experts or public servants across the globe. We are truly impressed and inspired by the humanity and determination we have observed from the global community, especially business hubs that have come forward to play their role in order to get the world back on its feet. That’s always how Spider Teams has lived up to the expectations of their patrons, and you will find us next to you the moment you need us. Which product would you like to prefer by the way? Do let us know and don’t forget to leave a comment.