BENTONVILLE, Ark., July 28, 2006 – Wal-Mart Stores, Inc. announced today a $5 million, multi-year grant to The National Urban League, an organization devoted to empowering African Americans economically and socially, to support its workforce development initiatives. The announcement was made at the organization’s 2006 Annual Conference in
Ten of the League’s local affiliates have been selected to receive a $250,000 grant toward their workforce development programs over a five-year period. Participating cities include
In addition, the grant will provide support to the organization’s endowment fund, as well as the Black Executive Exchange Program that includes a lecture series at the majority of the nation’s historically black colleges.
“At Wal-Mart, we go to work every day to help make a difference by creating economic opportunity and benefits in the communities we serve. This partnership is an extension of our efforts to build a better future for all Americans,” said Thomas Hyde, executive vice president and corporate secretary, Wal-Mart Stores, Inc. “We are proud to partner with The National Urban League in providing critical job training to ensure that positive change touches more lives in more cities nationwide.”
“The National Urban League is extremely appreciative of Wal-Mart’s donation and ongoing partnership to help empower our communities,” said Marc Morial, president and chief executive officer, The National Urban League. “This grant will allow us to expand our workforce development initiatives and other programs, so that we can provide individuals in cities across the
As the world’s largest retailer, Wal-Mart employs 225,000 African Americans and the company’s 13-member board of directors has representation of two African Americans. In 2006, Diversity Inc. named the company among its Noteworthy Companies for Diversity and Top 10 Companies for African Americans. Additionally, Black Enterprise Magazine named it among its 2006 Top 40 U.S. Companies for Diversity list, as well as one of the 10 Best Companies for Marketing Diversity.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and SAM’S CLUB locations in the United States. The company has operations in Argentina, Brazil, Canada, China,Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom. The company’s securities are listed on the
National Urban League (www.nul.org) Established in 1910, The Urban League is the nation’s oldest and largest community-based movement devoted to empowering African Americans to enter the economic and social mainstream. Today, the National Urban League, headquartered in