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.

6.30.2020
–

LISC Stories

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…