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Target to spend more than $2B in Black-owned businesses by 2025

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Target is stepping up its investment in the Black community with a new commitment to spend more than $2 billion on Black-owned businesses by 2025, including marketing agencies, construction companies, facilities maintenance and much more."We have a rich history of working with diverse businesses, but there’s more we can do to spark change across the retail industry, support the Black community and ensure Black guests feel welcomed and represented when they shop at Target," Target chief growth officer and executive vice president Christina Hennington said in a statement.

The retailer has pledged to add products across a multi-category assortment from more than 500 Black-owned businesses and to engage more Black-owned companies to enhance its.

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