Economic Growth CSR News

Acción Venture Lab in Brazil Supports Start-Ups With Help From FedEx

Multimedia with summary

Supporting the growth of small businesses everywhere is one of the many way FedEx invests its charitable resources. The COVID-19 pandemic has negatively impacted thousands of entrepreneurs, especially  when it comes to getting access to capital funding. That’s why FedEx is collaborating with nonprofits like Acción, one of the world’s leading global microfinance organizations.  In Brazil, FedEx is helping support financial technology start-ups, often called fintech, through the Acción Venture Lab.

The Economic Costs of Structural Racism Are Too High to Ignore

Blog

By Marla Blow, Senior Vice President of Social Impact, North America, Mastercard Center for Inclusive Growth

Inclusive growth ensures that the benefits of a growing economy extend to all segments of society, and research suggests that productivity is determined less by a person's skills and abilities, and more by their access to the vital networks that power the modern economy. But access to these physical, virtual and social networks is not equally available, and Black people have been deliberately excluded from these networks.

Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

Press Release

Furthering longstanding financial inclusion efforts to bring more people and small businesses into the digital economy, the company will bring equitable financial tools, investment and partnerships to cities across the U.S.

Fifth Third Foundation Powers $1.2 Million Innovation Meets Main Street Program for Black, Women-Owned Entrepreneurs

Press Release

CINCINNATI, September 15, 2020 /3BL Media/ — Fifth Third Bank, National Association, today announced an exciting new $1.2 million program called Innovation meets Main Street: Boosting Black Women-Owned Businesses, a partnership between AEO and LISC powered by Fifth Third Bank.

Ceres Welcomes Climate Risk Report From Subcommittee of CFTC, As Calls to Regulate Climate Change As a Systemic Financial Risk Grow Louder

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Report finds climate change poses a major financial risk to U.S. economy, calls on financial regulators to incorporate climate-related risk into supervision

Press Release

Report finds climate change poses a major financial risk to U.S. economy, calls on financial regulators to incorporate climate-related risk into supervision

Fifth Third Bank Joins HBCU Partnership Challenge

Press Release

CINCINNATI, September 3, 2020 /3BL Media/ – Fifth Third Bank, National Association, today announced that it has joined the Historically Black Colleges and Universities Partnership Challenge, sponsored by the HBCU Caucus. The bipartisan initiative strengthens public-private investments in HBCUs to ensure their future sustainability, increase career prospects for their students, and advance diversity and inclusion within all sectors of employment.

How Mastercard is Making a Difference

The 2019 Mastercard Corporate Sustainability Report outlines the company's progress towards building a more inclusive and sustainable digital economy. Looking ahead, our commitment is only growing.
Blog

PNC Commits $10M To Support Small Businesses In Pittsburgh

Community Development Banking program-related investment through the PNC Foundation aims to provide further economic relief to local minority-owned businesses and entrepreneurs
Press Release

PITTSBURGH, August 28, 2020 /3BL Media/ – Underserved Pittsburgh neighborhoods and struggling small business owners will benefit from three programs significantly supported through a $10 million program-related investment announced today by PNC Community Development Banking and the PNC Foundation

Why Women Start New Businesses: Reasons, Challenges, and Opportunities

Investing in women entrepreneurs is vital part of our global economy
Blog

More women are turning to entrepreneurship, and according to Herbalife Nutrition’s second annual Global Entrepreneurship survey, 72 percent of women want to open their own business. Women entrepreneurs create a source of income for themselves and their families. They are a vital part of our world's economic engine that society needs to support with flexible opportunities, mentorship, and access to capital.

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