Amazon to Invest USD 18 Billion to Aid Small & Medium Sized Businesses Grow | Financial Buzz

Amazon to Invest USD 18 Billion to Aid Small & Medium Sized Businesses Grow

Amazon.com, Inc. (NASDAQ: AMZN) has pledged to invest USD 18 Billion in 2020 to aid independent businesses sell to customers that include investments in logistics, tools, services, programs and people.  Amazon has launched over 135 free tools and services to help sellers grow their sales in the Amazon store.  The company plans to provide over 500,000 small and medium sized businesses that are selling on Amazon with online selling guidance, education and support within the next twelve months. 

Amazon Accelerate is an event focused on providing existing and aspiring sellers with insights and ideas on how small businesses can thrive in Amazon’s store. 

“At Amazon, our mission is to be Earth’s most customer-centric company, and part of fulfilling that mission is connecting small businesses with customers,” says Jeff Wilke, CEO Worldwide Consumer at Amazon, who opened the event with a fireside chat with Dharmesh Mehta, Vice President, Customer Trust & Partner Support at Amazon. “Amazon’s success is directly tied to the success of independent businesses across the U.S. We are passionate about supporting small businesses, investing and inventing on their behalf to help them be resilient through COVID-19 and beyond.”