Target Announces $100 Million Investment in Black Communities

Tuesday, October 12, 2021

Target’s committed to co-creating an equitable future for all, delivering on the Target Forward strategy to help everyone thrive. And today, Target is proud to announce it is investing $100 million through 2025 to help fuel economic prosperity in Black communities across the country. This will support local, Black-led organizations to ensure that resources are specifically designed for the communities they serve.

“As one of the largest retailers in the U.S., we know we have the responsibility and opportunity to use our resources to help end systemic racism and accelerate economic prosperity for Black communities,” says Amanda Nusz, senior vice president, corporate responsibility, and president of the Target Foundation. “With this commitment, we aim to support the next generation of Black talent, expand the impact of Black-led movements and voices, and create economic opportunity in Black communities across the country.”

This $100 million investment is yet another example of Target’s Racial Equity Action and Change strategy in action, building on the initial $10 million commitment Target made in 2020 after the murder of George Floyd and the 10,000 hours of pro-bono consulting services provided for Black-, Indigenous-, and People-of-Color-owned small businesses in the Twin Cities. It also follows new commitments in 2021, including the plan to spend $2 billion with Black-owned businesses by 2025 and committing scholarships and ongoing professional resources to 1,000 Black students through Target Scholars to support the next generation of Black talent.

Learn more on Target's website