NBA to contribute $300m for economic development in black community

(MENAFN – IANS)

New York, Aug 6 (IANS) The NBA Board of Governors has announced that it will contribute $300 million in initial funding to establish the first-ever NBA foundation dedicated to create greater economic empowerment in the black community. The foundation is being launched in partnership with the National Basketball Players Association (NBPA).

Over the next 10 years, the 30 NBA team owners will collectively contribute $30 million annually to…

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