Yesterday we wrote about the fact that a short excerpt from an interview with Tim Cook was published on the CBS This Morning Twitter profile, which was published in full today. During the interview, Cook was going to announce “something big” and it wasn’t going to be a new product, but something much bigger and more exciting.
It turned out that there were several new projects under the Racial Equity and Justice Initiative (REJI). The company has allocated $ 100 million for this purpose. The goal is to increase racial equality in education, the economy and the justice system and is led by Lisa Jackson.
One of the projects is to create the Propel Center, an innovation and science center, where classes will be held, inter alia, in the field of programming, which will be financed by the Black and Brown fund. Apple is to allocate $ 25 million for this purpose.
Later this year, the Apple Developer Academy in Detroit will also open. Its aim will be to empower young black entrepreneurs, creators and programmers by developing their skills.
Furthermore, Apple will invest $ 10 million in New York-based venture capital firm Harlem Capital to support investment in approximately 1,000 companies over the next 20 years.
Another 25 million is invested in Siebert Williams Shank’s Clear Vision Impact fund, which provides capital to small and medium-sized enterprises, with an emphasis on minority-run enterprises.
Details about this initiative can be read on the company’s website Apple.
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