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Companies take on the challenge of increasing diversity, aiding Black-owned businesses Shirley Leung © Pat Greenhouse/Globe Staff From left, Daniel Acheampong, Tia Thomson and Yasmin Cruz, Co-founders of Visible Hands VC, are photographed at the Bank of America branch in Nubian Square. The bank has made equity investments in minority-owned venture capital firms like theirs. Not shown is Justin Kang.
Turns out, that was the easy part.
How companies have deployed the money is proving to be as crucial as how much they’ve promised, or even how much they’ve given out so far.
Take, for example, Bank of America, which pledged $1.25 billion over five years toward promoting racial justice and creating economic opportunities for all. The centerpiece of its efforts and where the bulk of the first year’s disbursements have gone is a novel program to fund minority-owned venture capital firms that back under-represented entrepreneurs.
Boston-collegeMassachusettsUnited-statesBostonBoston-commonEmerson-collegeMarshall-islandsCity-of-bostonAmericaMarshallsGeorge-floydGilda-barabinoHereâs a month-by-month look at how 2021 might play out
Off to a slow start, rocky in places and ripe for setbacks, 2021 should nonetheless deliver some semblance of normalcy again
By Tim Logan and Andy Rosen Globe Staff,Updated January 2, 2021, 2:31 p.m.
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A Macy s window in Downtown Crossing reflects some of the optimism that is likely to characterize 2021.Craig F. Walker/Globe Staff
So what, exactly, are we in for in 2021? Think ahead to, say, the fall, and imagine heading back to the office. The morning train feels a little crowded for comfort but the sidewalks lack their old bustle, and your favorite lunch spot is long gone.
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