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Re: Personally I don't think Trump is doing that great as President... |
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Posted by Orange Blossom Special on Tue Jul 7 19:45:05 2020, in response to Re: Personally I don't think Trump is doing that great as President..., posted by 3-9 on Tue Jul 7 17:22:57 2020. The streaming giant plans is working to help "fuel social mobility and opportunity” in underserved communities.As part of their “commitment to racial equality,” Netflix has pledged to invest $100 million into Black communities to help build economic opportunity. "Going forward, Netflix is going to allocate two percent of our cash holdings - initially up to $100 million - into financial institutions and organizations that directly support Black communities in the U.S.,” Aaron Mitchell, director of talent and acquisition, and Shannon Alwyn, treasury director, announced in a blog post on Tuesday (June 30). The company will move $25 million into a newly established Black Economic Development Initiative managed by Local Initiative Support Corporation, a nonprofit community development financial organization that assists underserved communities. LISC will invest the money into “Black financial institutions serving low and moderate-income communities and Black community development corporations in the U.S.” Additionally, Netflix plans to make a $10 million “transformational deposit” into Hope Credit Union to help boost “economic opportunity” in Black communities in the Deep South. |
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