Tag: BEDF

McKinsey commits $15 million to support Black-owned businesses and help fuel economic development

McKinsey & Co is pleased to announce a $15 million impact investment in the Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC). The BEDF is part of LISC’s Project 10X, a $1 billion strategy to address racial gaps in health, wealth, and opportunity. McKinsey’s contribution, along with those of 10 public corporations, has helped the fund hit its goal… Read more »