Morehouse, Spelman will receive Black entrepreneurship grant from Mastercard

Category: General

Mastercard announced on Wednesday that it would be giving $5 million dollars in grants to Morehouse College and Spelman College to help the universities develop Black entrepreneurship centers.

The multinational financial service company said the grants are a part of its 2020 pledge to invest $500 million to help close the racial wealth and opportunity gap for Black communities across America.

The company stated that historically Black colleges and universities (HBCUs) play a critical role in helping to train and develop Black entrepreneurs and are in a “unique position” to engage the Black community across different generations.