Target to spend more than $2B at Black-owned Businesses

Target will spend a total of uì than $2 billion at Black-owned businesses by 2025 as part of its effort to advance racial equity.

Target and black-owned businesses

The retailer will add a broad range of products from more than 500 Black-owned businesses and will increase its spending at more Black-owned companies, from marketing to construction.

It will also introduce new resources, like a dedicated team to help Black-owned suppliers scale their businesses to work with mass chains.

Target said it has actively pursued more connections with minority-owned businesses, but is always seeking to improve operations.

“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,” said Christina Hennington, executive vice president and chief growth officer, in a statement.