MINNEAPOLIS, June 5, 2020 /PRNewswire/
-- Target today announced a $10
million commitment in addition to ongoing resources to
advance social justice and support rebuilding and recovery efforts
in local communities.
"Target stands with black families, communities and team
members. As we face an inflection point in Minneapolis and across the country, we're
listening to our team, guests and communities, committed to using
our size, scale and resources to help heal and create lasting
change," said Brian Cornell,
chairman and CEO, Target.
Initial efforts include:
- A $10 million investment from
Target and the Target Foundation to support long-standing partners
such as the National Urban League and the African American
Leadership Forum in addition to adding new partners in
Minneapolis-St. Paul and across
the country.
- 10,000 hours of pro-bono consulting services for black- and
people-of-color-owned small businesses in the Twin Cities, helping with rebuilding
efforts.
- Continuing to provide essentials such as baby formula, diapers,
medicine and more to communities most in need.
- Target Circle, the company's loyalty program, will offer guests
the option to direct Target funds to local nonprofits and include
organizations supporting social justice.
"We at the African American Leadership Forum have had a
long-standing partnership with Target from our inception," said
Marcus Owens, Executive Director of
the African American Leadership Forum – Twin Cities. "At this critical moment in our
Twin Cities communities and across
the country, we appreciate the solidarity Target has shown to help
rebuild as well as be part of the necessary systems changes ahead
of us."
In the Minneapolis-St. Paul
region, the Target Foundation will continue partnering with local
nonprofit organizations addressing systemic and structural barriers
facing communities of color. The Foundation's focuses include
investments in black- and people-of-color-owned businesses and
entrepreneurs, along with efforts to promote equity in the areas of
housing, asset-building and workforce development.
In addition to today's updates, Target has established an
internal task force comprised of senior leaders from across the
company. This task force will partner with Target's team members,
guests and members of the community to chart the company's path
forward and determine its next steps.
About Target
Minneapolis-based Target
Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at
Target.com. Since 1946, Target has given 5% of its profit to
communities, which today equals millions of dollars a week. For the
latest store count or for more information, visit
Target.com/Pressroom. For a behind-the-scenes look at
Target, visit Target.com/abullseyeview or follow
@TargetNews on Twitter.
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SOURCE Target Corporation