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PayPal Creates $530 Million Fund To Help Black-Owned Businesses | Black Enterprise

PayPal Creates $530 Million Fund To Help Black-Owned Businesses | Black Enterprise

Paypal, PayPal Small Business, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, Wriit,

By Dana GivensBlack Enterprise

Corporations and public institutions are now being forced to speak up and out about racial discrimination and injustice towards African Americans in light of the recent protests over the death of George and others by police officers. Internet pay giant, Paypal, has now stepped forward condemning the systemic oppression and unveiled its plan to support black businesses and help them thrive.

This week Paypal announced that their new $530 million pledge to providing support for black-owned businesses. The Philadelphia Inquirer reported that the company will be spending $500 million of that to invest directly into black-owned firms and start-ups. The Association for Enterprise Opportunity in Washington, DC received $10 million from the pledge to administer $10,000 grants to 1,000 black-owned businesses across the country.

See Also
Tavia Forbes, Monet Masters, Forbes + Masters, African American Professionals, Black Business, Black Black, #BuyBlack, African American Entrepreneurs, Black Entrepreneurs, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, WRIIT, Wriit,

Featured Image, Chris Creese for The New York Times
Full article @ Black Enterprise

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