5 Things / increase access

This week I learned that Target committed to spending more than $2 billion with Black-owned businesses by 2025.

Not only will Target add products from more than 500 Black-owned brands to its shelves (increasing access to Target customers) -- but the company will also increase procurement spend with Black-owned businesses. This means that Target will proactively seek to hire Black-owned businesses for services such as advertising and construction. Target is also creating a program for start-ups led by Black entrepreneurs to help them develop, test and scale products to sell at mass retailers.

These commitments are designed squarely to increase Black-owned businesses' access to customer and corporate spending. These commitments are designed to increase Black wealth. This matters because the racial wealth gap is real.

These actions are ones you can easily adapt for your own organization, starting with spend. These are ways you get Inclusive 360 (that's the name of my forthcoming book, btw!), beyond just changing HR policies.

Here are some other good vibes I found this week:

Image by University of California

Previous
Previous

5 Things / leverage

Next
Next

5 Things / empower ERGs