Retail News

Macy’s to invest $30 million to support loans for minority-owned businesses

The New York Times 11/07/2022

Macy’s plans to invest $30 million in loan funds over the next five years to provide minority-owned companies with the capital they need to grow their businesses. Macy’s CEO Jeff Gennette said the loans will give recipients “an opportunity to breathe a little bit, and that’s important in companies that have great ideas but they need to take root.”

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