Goldman, Starbucks, Wharton Form Group to Erase Black Wealth Gap
- Initiative to set goals on investment in Black-owned business
- Wharton School will lead group’s research on best practices
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A wide group of companies and institutions, from Goldman Sachs and Starbucks Corp. to the University of Pennsylvania’s Wharton School and the ACLU, are teaming up to tackle the massive wealth gap between White and Black Americans.
The initiative, named NinetyToZero, will focus on areas such as the training of Black workers, investment for Black businesses and setting internal hiring goals. It will also work with Black-owned banks and financial institutions and set guidelines for the progress of Black workers.