Companies from all over the country declared that “Black Lives Matter” in 2020. Nearly a year and a half later, some of the loudest voices that chanted the declaration have since quieted.
Last year, US companies said they would commit $50 billion toward racial equity following George Floyd’s killing, according to a study by Creative Investment Research. Since then, a little over $250 million has actually been spent or committed to a specific initiative, according to a report by the consulting firm.
The $50 billion was supposed to be donated to civil rights organizations, put into Black communities, and dedicated to >Financial Times. They still have the rest of 2021 to meet those pledges, but many Black people have felt that the momentum and urgency from last year have died down.
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