Citigroup to spend more than $1 billion to help close racial wealth gap

Citigroup to spend more than $1 billion to help close racial wealth gap

Sep 23, 2020

Citigroup Inc. C, 0.51% said Wednesday it is launching more than $1 billion in strategic initiatives to help close the racial wealth gap in the U.S. and improve economic mobility. The initiatives include $550 million to support home ownership for people of color and for minority developers of affordable housing, $350 million in procurement opportunities for Black-owned business suppliers, $100 million to support minority depository institutions, $100 million to support community change agents addressing racial equity and $50 million in additional investing capital for Black entrepreneurs.

https://www.marketwatch.com/story/ci...gap-2020-09-23