ServiceNow Launches $100 Million Fund to Build Equitable Opportunities for Black Communities
Summary
However, due to systemic racial injustice, Black individuals and communities have traditionally been the most likely to be denied access to capital, according to Citi GPS: Global Perspectives and Solutions. The ServiceNow Racial Equity Fund will buy smaller community loans to increase the lending capacity for local banks. By increasing access to capital, the investment will facilitate homeownership and entrepreneurship in Black communities, leading to job creation and wider economic growth. “With the expertise and passions of our employees around the world, the power of our digital workflow solutions, and the strength of our financial resources and strategic partnerships, ServiceNow aims to create equitable opportunity and drive real, lasting change.” RBC Global Asset Management will identify loans through its network of banks and other lenders supporting Black communities. Our cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise.
Classifications
AskAI Classifications
LabelsLinked Companies
