Apr 8, 2021
NEW YORK (AP) Target will spend a total of more than $2 billion at Black-owned businesses by 2025 as part of its effort to advance racial equity.
That’s a significant increase in overall spending on Black-owned businesses, according to Target, though it declined be more specific Wednesday.
The Minneapolis retailer will add a broad spectrum of products from more than 500 Black-owned businesses and will increase its spending at more Black-owned companies, from marketing to construction.
It will also introduce new resources, like a dedicated team to help Black-owned suppliers scale their businesses to work with mass chains. The Forward Founders program builds off Target’s accelerator program that helps entrepreneurs.
Target to spend more than $2B at Black-owned businesses - New Delhi Times - India s Only International Newspaper
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Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses
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Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses
Published 04-07-21
Submitted by Fifth Third Bancorp
CINCINNATI, April 7, 2021 /CSRwire/ – Fifth Third Bank, National Association, in collaboration with the National Minority Supplier Development Council, has announced the launch of its NMSDC Centers of Excellence Certificate Program (COECP). The program will last for nine months and will involve selected minority-owned private businesses that are NMSDC-certified Class II businesses, with annual sales between $1 million and $10 million and that have a minimum of five employees. It will strengthen corporate supplier selection processes and help minority businesses compete in a global environment. The program is made possible through the Bank’s relationships with the Ohio, Georgia, Michigan, Mid-States and Chicago MSDC regional councils.