Expanding on NIKE, Inc. Black Community’s commitment to supporting organizations focused on social justice, education, and economic opportunity for African Americans, Nike announces a new partner focused on economic empowerment, Black Girl Ventures. The $ 500,000 investment from NIKE, Inc. will support Black Girl Ventures in its efforts to provide founders who identify black and brunette women access to community, capital, and capacity building to support entrepreneurship. This contribution builds on commitments to Black Girls CODE, NAACP Empowerment Programs, and NAACP Legal Defense and Educational Fund, Inc. (LDF) announced in July 2020.
“Funding from Nike will help us increase our reach through the development of new chapters, increase our technology infrastructure to better serve black and brown leaders through our proprietary crowdfunding platform, and increase our brand visibility through of storytelling campaigns curated by black and brown women, “says Shelly Bell. founder and CEO of Black Girl Ventures.
NIKE, Inc. wants to expand its focus to local investments in 2021 that drive action and impact in partnership with the black community. Starting this year, Black Community Commitment will support a series of grants totaling $ 1.75 million for organizations working on behalf of black communities in seven US cities: Boston, Memphis, St. Louis, Portland, Chicago, Los Angeles and New York. City.