Netflix, LISC Partner on $25M for Black-owned Banks, Communities

Netflix is committing $100 million to reduce the racial wealth gap, and it is kicking off the effort with a $25 million partnership with LISC.

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LISC is expanding its capacity to bridge racial gaps in health and wealth, thanks to a new $25 million investment from Netflix. The media giant is reallocating 2 percent of its cash holdings from global banks to support Black-owned lenders, businesses and institutions that can, in turn, expand access to…

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