Apple's Racial Equity Initiative: Tech Giant Invests $25M More in VC for Minority-Owned Businesses
Portfolio Pulse from Nabaparna Bhattacharya
Apple plans to invest an additional $25 million in venture capital to support minority businesses through its Racial Equity and Justice Initiative (REJI) program. The funds will be allocated to Collab Capital, Harlem Capital, and VamosVentures. This brings Apple's total commitment to $50 million in venture capital support and over $100 million in overall financing for diverse businesses and financial institutions.
June 14, 2023 | 12:19 pm
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Apple's additional $25 million investment in venture capital for minority businesses through its REJI program may enhance its corporate responsibility image.
Apple's additional investment in minority businesses through its REJI program demonstrates its commitment to social responsibility and diversity. This may positively impact its corporate image and potentially attract more investors who value companies with strong ESG practices. As a result, AAPL's stock price may experience a short-term positive impact.
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