Economic Empowerment CSR News

New Initiative Offers Support to Local HBCUs

Blog

To build on our longstanding commitment to advance inclusion and empower economic opportunity in the Black community, we are committing $5 million to four regionally based Historically Black Colleges and Universities (HBCUs).

Fifth Third Bank Launches Digital Financial Literacy Program for Children

Press Release

CINCINNATI, February 10, 2021 /3BL Media/ - Fifth Third Bank, National Association today announced the launch of the first-ever digital version of the Fifth Third Young Bankers Club®, its signature financial educational program for fifth-grade students.

Limited Partner Buy-In Is Key for Making Diversity a Priority

LPs inhabit a unique position to encourage VCs to invest in more diverse-founded companies.
Multimedia with summary

The past year has seen only a modest increase in VCs’ perception that investing in companies with women and/or multicultural entrepreneurs is a priority to their LPs, from 55% in 2019 to 59% in 2020. To change investing behavior, LPs must fully and openly embrace the importance and financial benefits of investing in more women- and multicultural-founded companies. Equally important, LPs who feel strongly about making diversity a priority should convey that expectation to their VCs and consider setting concrete targets for investing in women- and multicultural-founded companies.

Uneven Progress: How Attitudes and Actions Are Evolving and What Continues to Hold the VC Industry Back

Traditional VCs are less likely to prioritize or take action toward investing in multicultural-founded companies when compared to women or multicultural VCs.
Article

While we have observed a shift in attitudes and actions to address racial inequality in the VC space in the past year, that shift hasn’t prevailed among white men, who make up the majority of the VC industry.(3)

Frankly Speaking With Franchisees: Turning Obstacles to Opportunities

Blog

Yum! Brands is a world-class family of restaurant brands with more than 2,000 franchisees who bring their own delicious flavors to the business and individual communities. Each one is unique and serves as the cornerstone of a new series called Frankly Speaking With Franchisees that documents their stories. Between them, they own 50,000 KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants in 150 countries and territories across the globe, making their voices integral to the company. 

Land Betterment Corporation Commences the Monetization of Impacted Land Swap Credits through its Land Betterment Exchange

The Company’s Environmental Solutions division is driving innovation in land reclamation and repurposing
Press Release

FISHERS, Ind.,  February 3, 2021 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, today announced that the Company’s Environmental Solutions division is driving innovation and efficiencies in reclaiming former coal mining and industrial lands through the launch of its Land Betterment Exchange (“LBX”).

Turning Intention Into Action

Multimedia with summary

VCs are taking important initial steps to implement changes around increasing diversity and are discussing ways to make additional changes that will help close the funding gap.

Shifting Attitudes and the Impact of Racial Injustice Conversations

Summary: 

This year, more VC firms assigned greater value to the investment opportunity that multicultural-founded companies present, and say that they are more likely to invest in multicultural- and women-founded companies in the coming year.

Article

This year, more VC firms assigned greater value to the investment opportunity that multicultural-founded companies present, and say that they are more likely to invest in multicultural- and women-founded companies in the coming year.

Navigating COVID-19 in Bhutan: Providing Additional Capital to RENEW Microfinance Private Limited

by Claire Kelly, Whole Planet Foundation Regional Director for West Africa/Middle East
Blog

During the COVID-19 pandemic, many of Whole Planet Foundation’s microfinance partners (MFIs) have faced increasing demands from clients for both loans and savings withdrawals.  At the same time, many clients have faced difficulties in making repayments on their existing loans due to slowed business activity and/or travel restrictions and lockdowns.  In response to these constraints, Whole Planet Foundation’s microfinance partners have been working to provide as much flexibility for microcredit clients as they can.  This effort has included responses such as grace periods and restructured lo

Comcast RISE Awards 200 Black-Owned, Small Businesses Across Greater Philadelphia, New Jersey and Delaware With Marketing and Technology Resources and Makeovers

Article

Independent small businesses are the backbone of our communities, and right now, more than ever, small businesses are hurting. This is especially true for Black-owned businesses, who have been among the hardest hit by the pandemic, according to a recent study from the National Bureau of Economic Research.

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