3M launches $50 million racial equity effort

3M launches $50 million racial equity effort

The 3M corporation plans to invest $50 million over the next five years to advance racial equity in the Twin Cities region, the Minneapolis Star Tribune reports.

Aimed at advancing equity in society as well as within the company, the initiative includes a $5 million investment in the United Negro College Fund's scholarship and support programs for students in St. Paul, with a focus on STEM education opportunities, and an expansion of the 3M Manufacturing & Academic Partnerships program in the St. Paul Public School district. Some students also will receive science scholarships, be mentored by 3M employees while in school, and earn internships at the company.

The initiative is in addition to a recently announced investment of $1 million annually over the next five years in local social justice partnerships. This year, the Fortune 500 company plans to award grants of $250,000 to the NAACP Legal Defense and Educational Fund, Neighborhood Justice Center, Penumbra Center for Racial Healing, and YWCA St. Paul.

"We plan to invest locally in the Twin Cities because we believe we have responsibility as a corporate leader," said Garfield Bowen, 3M's director of social justice strategy and initiatives.

(Photo credit: Leo Patrizi - Gettyimages)

Mike Hughlett. "3M to spend $50 million on equity initiatives." Minneapolis Star Tribune 09/15/2020.