Goldman Sachs Bets $10 Billion On The Promise Of One Million Black Women

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Word that the banking behemoth will commit $10 billion in direct capital investment and $100 million in philanthropic giving to address the disproportionate racial and gender biases facing Black women stirred up emotion.

cafe to close its doors last spring, she quickly pivoted her business model. Over a frantic weekend, she and her team raced to create an online pre-order system for their entire inventory.

One year later, Pugh’s company has continued to flourish with 16 employees on the payroll and the opening of a new second location. The emotional and intellectual support she received were invaluable. And Pugh believes that Goldman Sachs can take it to the next level by infusing much needed capital into Black-owned businesses that have faced funding hurdles due to racial bias.

 

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