The National Basketball Association (NBA) announced another round of grants Monday, set to go to social organizations. The North American league strives to boost economic opportunities within the Black community.
The grant will be distributed between nine organizations, which will aid underserved regions, including New York-based New Heights Youth, City Year, Road to Hire, Big Brothers Big Sisters of Miami and Memphis-based CodeCrew.
“We are very pleased that the NBA Foundation has recognized the incredible work that Road to Hire is doing to help some of our most vulnerable local students find a path to successful careers,” said Hornets Sports & Entertainment President & Vice Chairman Fred Whitfield. “With the focus our city has on economic mobility, R2H is a leader in trying to change the culture of young people being unable to escape poverty.”
According to the NBA, the funds would be used to help firms create employment as well as support career growth for Black people.
“The grants will enhance and build upon the important work of these national and local organizations that align with the NBA Foundation’s mission to provide skills training, mentorship, coaching and pipeline development for high school, college-aged, job-ready and mid-career individuals in Black communities across the United States and Canada,” the league’s release said.
In 2020, the NBA along with its players’ union worked together to create the NBA Foundation, an organization meant to aid Black people throughout the next 10 years. The 30 NBA clubs have committed to provide USD30 million a year for the next decade, with the objective of balancing out the economic inequality.
“We’re excited to continue our work and honor our second round of grant recipients that are making firsthand impact in their communities and on individual lives,” Greg Taylor, NBA Foundation executive director wrote CNBC via email.