Company and Foundation Increase Focus on Women Entrepreneurship, Empowerment
Empowering women to thrive is a worldwide commitment of The Coca-Cola Company and one of three global priorities for The Coca-Cola Foundation. Its importance reverberates around the world, resonating especially in North America.
More than $2 million in grants from The Coca-Cola Foundation was directed to organizations focused on women's empowerment, entrepreneurship and other programs uniquely impacting women. The Company provided further support by contributing more than $1 million towards women's empowerment programs and initiatives, with a focus on those impacting women of color. The Center for Black Women's Wellness, the Adelante Movement and the Hispanic Women's Corporation's Professional Development and Leadership Institute received funding to teach core entrepreneurial skills, financial literacy and economic self-sufficiency.
Together, the Company and its Foundation invested in a $1 million partnership with the National Urban League, SER - Jobs for Progress National, Inc. and Rainbow/PUSH Coalition. Through this partnership, women in 10 U.S. cities will receive access to financial learning, job training and entrepreneurship development.
This support underscores the Company's Office of Global Supplier Diversity work to expand its modular-training initiative, the Supplier Training & Empowerment Program (STEP). The program addresses the barriers that prevent women-owned suppliers from sustaining and growing their businesses.
"We know that empowering women to be entrepreneurs and leaders yields dividends of community growth, prosperity and sustainability," said Lori George Billingsley, Vice President, Community Relations, Coca-Cola North America.
In 2010, the Company launched its 5by20 initiative with a goal to empower five million women entrepreneurs across the global Coca-Cola value chain by 2020. The initiative aims to help women overcome barriers to business success by providing access to business skills training, financial resources and mentors. At the end of 2013, more than 550,000 women across 44 countries had been impacted since the program's inception.Page 2 of 2 Classified - Unclassified
Other organizations receiving support for women's empowerment initiatives include:
Center for Black Women Wellness, Atlanta, GA, $35,000
Girls Inc., New York, NY, $250,000
National Coalition of Black Civic Participation, Washington, DC, $100,000
Network for Teaching Entrepreneurship, New York, NY, $100,000
The Adelante Movement, New York, NY, $150,000
National Organization of Black Elected Legislative Women, Washington, DC, $25,000
Hispanic Women's Corporation, Phoenix, AZ $10,000
League of United Latin American Citizens Women's Conference, Washington, DC, $5,000
Latin American Association, Atlanta, GA, $300,000
Mexican - American Opportunity Foundation Women's Forum, Montebello, CA, $10,000
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