THE LATEST in a long line of technology companies looking to reduce the damage their platforms have wrought on today's job market, Facebook announced that they would be rolling out "Community Boost", an in-person program that will retrain unemployed individuals with digital skills.
The company has launched a smaller version of the program in Detroit, where it is paying to train 3,000 people in digital skills through a local group called Grand Circus.
Greenville has been selected as one of the first five cities to participate in the program in 2018.
Zuckerberg said he thinks these are some "specific things" Facebook can do to help boost the economy and small businesses, "both because it's going to be good for our products and business and because it's going to be good for this mission of building a community even beyond our own interests".
Since 2011 Facebook has invested more than $1 billion to support small businesses. The program seeks to help businesses expand their digital footprints and find new customers, as well as provide digital training for job seekers, entrepreneurs and community leaders. Facebook will work with local organizations to provide digital skills and training for people in need of work, to advise entrepreneurs how to get started and to help existing local businesses and nonprofits get the most out of the internet.
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They expect this year's earnings to fall -108% year-over-year to $0.02, followed by 1050% growth in the next year to $0.23. The Bank Of Nova Scotia Trust Company holds 41,078 shares with $3.58 million value, down from 46,915 last quarter.
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The press release said 80 percent of USA small and medium-sized businesses on Facebook say the platform helps them connect to people in their local community.
46% say it has helped them hire additional employees.
"The fact that Facebook has chosen Greenville as one of the first cities to offer its new Community Boost is something that all of SC can be proud of". The effort dubbed Boost Your Business, has been focused on getting businesses to learn how to create their own page on Facebook in order to give them a bigger online presence. "The work Facebook will be doing in Greenville is important for the future prosperity of SC, and we look forward to working with them", Gov. Henry McMaster said.