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Goldman Sachs Commits $1 Billion to Fund Diverse-Led Businesses

Pedestrians pass in front of Goldman Sachs headquarters in New York.
Pedestrians pass in front of Goldman Sachs headquarters in New York.Photographer: Michael Nagle/Bloomberg

Goldman Sachs Group Inc. said it’s doubling a commitment to investing in companies run by women and people of color to $1 billion.

The Wall Street giant said it has poured $450 million into qualifying under-represented entrepreneurs and investors since the “Launch with GS” program began in 2018, according to a statement Thursday. Among them are BentoBox, which hosts websites for restaurants, and Burst Oral Care, a California-based seller of dental products.