FEATURED TOPIC Solidarity in action We are helping close the racial wealth and opportunity gap for black communities across America As a part of our journey to build an economy that works for everyone, everywhere, we are investing $500M in Black communities over the next five years. We believe in doing well by doing good and as a result are committing to connect 1 billion people to the digital economy by 2025. This pledge is an extension of those efforts, connecting Black businesses to products, services, technology and financial support that will help to close the racial wealth and opportunity gap. With half of all Black Americans excluded from the financial mainstream and Black-owned small businesses blocked from funding, we’re working to deliver immediate impact for Black communities by focusing on these three areas: 01. Expanding city programs to support black communities 02. Affordable financial tools and services 03. Capital and resources for Black-owned businesses CITY SPOTLIGHTS In collaboration with city leaders, we are working to enable 1 million residents with digital access to essential financial tools and support New York City Learn more St. Louis Learn more Atlanta Learn more PARNTER SPOTLIGHTS Investing in Black founders Mastercard is investing directly in Black and minority-led startups and increasing procurement with Black-owned businesses. These investments are designed to have a catalytic impact on economic growth for Black communities. Greenwood In Atlanta, Mastercard has made a capital investment in Greenwood, a new, minority-owned Fintech founded by Killer Mike, former Atlanta mayor Andrew Young, and Bounce TV founder Ryan Glover, launching a robust mobile-banking program targeting the mass-affluent African-American community. Greenwood’s core mission is to foster new wealth generation and financial education, inclusive of Black and Brown prosperity. Greenwood selected Mastercard as its network of choice in bringing its first financial offering to market. The Greenwood matte black debit Mastercard will provide cardholders a digital-centric user experience along with innovative giveback programs focused on supporting Black and Latino causes and businesses. Learn more Goalsetter MoCaFi Fearless Fund BROWSE Stories, blogs, thought leadership, and more STORY A year of solidarity In the wake of nationwide racial justice protests, we expanded our commitment to using our talent and our resources to combat racial discrimination and to create equal opportunities for all. BLOG What equity means to me “Equity is what makes us all accountable,” says Randall Tucker, Mastercard’s Chief Inclusion Officer. “It’s what makes this a team effort, not just the mission of a vocal few.” STORY Elevating Atlanta’s Black entrepreneurs takes a ‘Village’ This Atlanta nonprofit gives Black business owners the training to grow. ‘Support is a verb,’ its founder says. BLOG How I became the investor of my dreams Empowering businesses owned by women of color makes the economy stronger, says Arian Simone, the co-founder of Fearless Fund. PODCAST Inside the Circles podcast: The power of HBCUs in closing the Black leadership gap In Mastercard’s podcast on the future of work, three alumni of HBCUs discuss how the experience shaped them, expanded their networks and gave them opportunities to rise in corporate America. STORY Black-owned restaurants have supported their neighbors. Now they need help The heart of Black neighborhoods, these restaurants have struggled during the pandemic. Their closures could leave an outsized hole – but there is hope. STORY A small D.C. daycare takes its first steps to recovery Data suggests that Black-owned businesses are less likely to receive PPP loans than white-owned ones. These banking nonprofits are helping Black entrepreneurs get the credit they need. STORY How DA SPOT NYC pivoted to survive the pandemic Michelle Cadore opened her boutique to showcase Black designers, who often struggle to get picked up by major retailers. Then she struggled to keep her own business going. BLOG How can marketers cultivate a more inclusive culture? Great marketers not only listen carefully to consumers’ needs and wants, but reflect their voices and put brand values into action. INFOGRAPHIC Solidarity in Action Taking action to address inequalities is essential for a more just society and a more inclusive economy. 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