NIKE : and National Urban League Are Championing Employment and Home Ownership for the Black Community
March 09, 2021
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NIKE, Inc. and National Urban League Are Championing Employment and Home Ownership for the Black Community
March 10, 2021
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As part of its Black Community Commitment, Nike, Converse, and Jordan Brand are partnering with the National Urban League (NUL) by donating $1 million to the organization. NUL brings a legacy of helping Black Americans and other underserved communities through education and job training, workforce development, housing and community development and entrepreneurship to achieve economic self-reliance.
'The National Urban League has been championing the elevation of Black lives and empowerment of Black communities for over 110 years,' says Marc H. Morial, President and CEO of National Urban League. 'With NIKE, Inc.'s investment, we'll be able to both get more people to work in living wage jobs soon after incarceration and expand homeownership opportunities for Black individuals and families across the United States.'
The $1 million investment is split into two distinct areas: $500,000 will help fund programming for the NUL Urban Reentry Jobs Program, which helps formerly incarcerated people find sustained employment, and the other $500,000 will support NUL's 'Home is Where the Wealth Is,' a campaign that helps expand first-time home ownership opportunities for Black Americans through financial education and individualized coaching.
Complementing national partnerships with a hyper-local approach to driving impact and engagement, NIKE, Inc. announces its Black Community Commitment grantees in Boston, Chicago, Los Angeles, Memphis and St. Louis to local organizations that support economic empowerment, education and social justice for Black Americans. Areas of focus include workforce training, wealth creation, the arts and more, all directed to local nonprofit partners who are making tangible differences in their communities.
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Nike Inc. published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 01:29:05 UTC.
Nike, Inc. specializes in the design, manufacturing and marketing of sports shoes, clothing, and equipment. The group's products are sold primarily under the names Nike, Jordan, Converse Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell. Net sales break down by family of products as follows:
- footwear (68.9%);
- clothing (27.2%);
- sports equipment (3.4%): golf equipment (golf clubs, balls, gloves, etc.), bags, balls, etc.;
- other (0.5%).
At the end of May 2023, products were being marketed through a network of 1,032 stores worldwide, through independent distributors, and via the Internet.
Net sales are distributed geographically as follows: North America (44.3%), Europe/Middle East/Africa (27.5%), China (14.9%), Asia/Pacific and Latin America (13.2%) and other (0.1%).
NIKE, INC. 
