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The Home Depot continues to remain a leader when it comes to investing in Black entrepreneurs and businesses. In a new move, the company has committed to further setting entrepreneurs up for success in America. According to PR Newswire, the world’s largest home improvement retailer has announced plans to invest $10 million in venture capital funds that reiterate the company’s stance on diversity, technology and entrepreneurship. The funds will go toward Base10 Partners Advancement Initiative, L’ATTITUDE VENTURES, and Plexo Capital as a part of the company’s mission to create meaningful, inclusive and sustainable opportunities for minority-owned companies. The funds will also go toward the company’s continued commitment to Historically Black Colleges and Universities (HBCUs). “Striving to close the wealth gap and advancing education for all are two of the Diversity, Equity, and Inclusion commitments we set forward in 2020,” said Derek Bottoms, chief diversity officer and vice...
The winners are in! According to PR Newswire , in this 12th installation of its Retool Your School program, The Home Depot doubled its commitment to $1 million. This year, 30 campus improvement projects will be funded at various Historically Black Colleges and Universities (HBCUs). This is the most projects to be completed in one year through the program. Tougaloo College is one of the top performers this season and even won the Campaign of the Year award ultimately walking away with $120,000 from Retool Your School. “Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,” said The Home Depot’s Chief Diversity, Equity & Inclusion Officer Derek Bottoms in an official news release . “We are ensuring HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders. ” To commence the voting season, a virtual Retool Your School Winners Ceremony...