Capital One Commits to Catalyze Economic Growth
"Socioeconomic mobility is one of the most pervasive and long-standing issues in our society," said
The Capital One Impact Initiative is focused on creating a world where everyone has an equal opportunity to prosper by advocating for an inclusive society, building thriving communities and creating financial tools that enrich lives. Efforts will come to life through:
- Racial Equity - investing in diverse communities and businesses, and supporting organizations that expand economic opportunity, particularly for Black and Latinx communities.
Affordable Housing- providing capital to finance affordable rental housing developments that meet the needs of a diverse range of households and communities in partnership with nonprofit organizations, for-profit real estate developers and government.
- Small Business Support - accelerating investments with Black and Latinx partners and suppliers across our businesses and expanding mentoring, training and advisory programs designed to help Black and Latinx businesses and nonprofits succeed.
Workforce Development- expanding programs that provide opportunities for individuals who face impediments to unleash their potential and thrive in a rapidly changing employment market.
- Financial Well-Being - creating simple, digital products that meet customers where they are to serve their needs.
Understanding that socioeconomic mobility starts from a place of inclusion and security, these efforts build upon Capital One's recent $10 million commitment to organizations that are advancing the cause of social justice for Black communities, and its
Capital One's philanthropic initiatives are closely tied to its core business activities serving low- and moderate-income individuals across the country. As the #1 community development (CD) lender nationally, Capital One has provided nearly
"Twenty-five years ago, Capital One was founded on the belief that great talent, great analytics and great technology could revolutionize financial services and democratize credit," expanded Navarrete. "With the COVID-19 pandemic and a heightened awakening on issues of racial injustice, we continue to embrace the idea that by advancing the economic and social opportunities in the communities we serve, we can help people thrive. That's why this program means so much – it's core to who we are."
In conjunction with this effort, Capital One published its 2019-20 Corporate Social Responsibility report. The document looks back at Capital One's commitment to corporate citizenship in 2019 while also addressing the company's recent response efforts to the events of 2020.
To learn more about Capital One's commitment visit CapitalOne.com/About.
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Angela Solomon, email@example.com