Charlotte Corporate Leaders Invest $250M In Racial Equity

CHARLOTTE, N.C. — Some of the biggest corporations in Charlotte are joining government leaders in launching a $250 million initiative for racial equity.

A news outlet reports that in 2020, Charlotte Mayor Vi Lyles asked the Charlotte Executive Leadership Council to create a corporate response to decades of laws and policies that disadvantaged Black and brown residents.

On Monday they announced the Mayor’s Racial Equity Initiative.

Officials also pointed out that investments will target bridging the digital divide, diversifying leadership of the city’s biggest companies and Charlotte’s historically disinvested areas now targeted for public and private money.