Goldman Sachs Group Inc. said it will commit $10 billion in investment capital over the coming decade to help address the disproportionate biases that Black women have faced for generations.
As part of the initiative, New York-based Goldman is working with nonprofit organization Hope Enterprise Corp., mayors and historically Black colleges and universities across the U.S. South to distribute and lend capital.
“No investment could have a bigger impact than unlocking the economic potential of Black women,” Goldman Chief Executive David Solomon said in the statement. “In the face of significant disparities, they’ve shown admirable resilience, especially as they’re starting businesses faster than anyone else in the U.S.”
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