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The PepsiCo Foundation and the National Urban League are taking the mantra of “support Black-owned businesses” to the next level. The two organizations have partnered to create the Black Restaurant Accelerator Program (BRAP) — a $10 million commitment to help Black-owned restaurants be profitable and thrive — BET reports.
PepsiCo and its philanthropic arm The PepsiCo Foundation recognize the challenges in America’s educational institutions and the need for systemic change as it pertains to low-income students of color. For these students who are in pursuit of higher education, PepsiCo has announced a new $40 million scholarship and professional mentoring program to support Black and Hispanic community college students. According to a press release, the new $40 million initiative will start off launching in Dallas , Westchester , Houston , and Chicago. PepsiCo’s plan is to expand the program across 16 additional U.S. cities in the fall and hopes to support roughly 4,000 students over the next five years. “Education is a great equalizer that enables economic growth, upward mobility and helps build generational wealth that lifts up communities over the long-term,” PepsiCo Chairman/ CEO Ramon Laguarta shares in a statement . “With this program, we are creating a differentiated experience for students...
COVID-19 has hit Black and Latinx communities immensely over the past few weeks, leaving many unemployed and without proper resources to fight against the virus. As a response, PepsiCo, Inc. and The PepsiCo Foundation has partnered with the National Urban League and UnidosUS to donate $7 million to devastated communities of color, according to a press release. “COVID-19 has once again put a spotlight on the deep-rooted health and economic disparities that have long faced communities of color,” said the CEO of PepsiCo Foods North America, Steven Williams, in a statement . “In response to this, we’re helping to provide immediate relief and support long-term recovery for Black and Latino communities. But just as these inequities existed well before coronavirus, we will continue to do our part and be a partner to these communities in the months and years ahead.” In an effort to effectively help communities of color, PepsiCo identified several metropolitan areas in the country where they...