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NBA Issuees Second $ 3 Million Grant Program for Black Community

At the scheduled start time of Game 5 of the first round of the Eastern Conference between Milwaukee Bucks and Orlando Magic during the 2020 NBA Playoffs at ESPN Wide World of Sports Complex Advent Health Arena on August 26, 2020. You will then see an empty court and bench. Lake Buena Vista, Florida.

Kevin C. Cox | Getty Images

The National Basketball Association announced another series of grants to social organizations on Monday as it seeks to boost the financial opportunities of the black community.

As part of that $ 300 million The league promises to support poorly serviced areas, including New Heights Youth based in New York, City Year, Road to Higher, Big Brothers Big Sisters in Miami, and Code Crew based in Memphis9. I have selected one organization.

Over $ 3 million will be distributed in this round of grants. The NBA said the money would help businesses create jobs and help black people advance their careers.

“Grants are an important task for these national and local organizations in line with the NBA Foundation’s mission to provide skills training, mentorship, coaching, and pipeline development for high school, college students, job preparation, and mid-career hires. Strengthen and build. Individuals in the US and Canadian black communities. “

Last year, the NBA and its athletes’ union worked together to form the NBA Foundation, which promises to support blacks over the next decade. The league wants to improve economic and income inequality, so all 30 NBA clubs will unite to spend $ 30 million annually over the next decade.

“The NBA Foundation’s mission to promote economic empowerment of the black community through employment and career advancement is essential to the mobility and prosperity of future generations,” said the NBA Foundation Secretary-General. Greg Taylor I told CNBC by email. “We are excited to honor the second round of grant recipients who continue to work and have a direct impact on the lives of communities and individuals.”

The professional sports league has increased interest in supporting the black community in 2020 after the talk of famous killings involving police, including the death of George Floyd. Former Minnesota police officer Derek Chauvin is being tried for his role in Floyd’s murder last May.

The NBA provided its first grant last December to support education and employment opportunities. Organizations such as the Marcus Graham Project, Operation DREAM, and Management Leadership for Tomorrow have been selected to receive funding.

Co-owner of Phoenix Suns Jahm Najafi Added Donation of $ 10 million To the foundation last month. This money will be added to the $ 10 million that Sands has already promised. Najafi is the CEO of Arizona-based venture capital firm Najafi Companies.

Correction: The headline for this story has been updated to reflect that this is the second grant distribution from the NBA.

NBA Issuees Second $ 3 Million Grant Program for Black Community

Source link NBA Issuees Second $ 3 Million Grant Program for Black Community

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