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Target to spend $2 billion with Black-owned businesses by 2025

Target to spend $2 billion with Black-owned businesses by 2025 By (0) Forward Founders, one of Target s programs, will help Black entrepreneurs in startup efforts to help them navigate product development and scale for mass retail. File Photo by Mohammad Kheirkhah/UPI | License Photo April 7 (UPI) Target announced Wednesday that it ll spend more than $2 billion with Black-owned U.S. businesses over the next four years and stock its shelves with products from hundreds of those businesses. The retailer said the moves are part of its commitment to advance racial equity in the United States. Advertisement The company s plans also represent significant economic opportunity for hundreds of new Black-owned companies, who we look forward to doing business with for years to come, Christina Hennington, Target executive vice president and chief growth officer, said in a statement.

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