Life

Netflix Is Investing $100 Million In Black Banking Institutions

Netflix has plans on investing $100 million into black banking institutions in an effort to close the wealth gap.

The plan is to invest in black banking institutions and community development organizations that have a better track record for lending to black entrepreneurs than mainstream banks.

The first check will go to New York-based Support Corporation who has several locations throughout the United States and the Hope Credit Union which services underserved communities in the South.

Netflix originally designed the plan last April, however with the call for systematic racism to be dismantled the plan is being executed immediately.

Which do you think would close the racial wealth gap faster, investing in black entrepreneurship or reparations?

Download Mix 105.1's App



JOIN MIX 105.1'S EMAIL LIST FOR INFORMATION ABOUT CONCERTS, CONTESTS, AND MORE!

* indicates required
Comments
To Top