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How Marvin Ellison, One Of The World's Wealthiest Black CEOs, Saw His Stock Market Value Increase By $3.4M In Less Than A Month

Marvin Ellison, one of the world’s wealthiest Black CEOs, is celebrating a multi-million-dollar financial triumph.

Feb 15, 2024

Lowe's Launches New Program To Help Employees Become Debt-Free

Lowe’s is seeking to remain a trailblazer in employee retention. Imagine a world where employers equipped their teams with the resources needed to eliminate debt! Lowe’s just might have laid the foundation for a model that others may want to adapt when it comes to keeping the people that keep the ship running happy! According to PR Newswire the retailer has announced a new education program that allows its associates to grow and develop in their careers. Not only will employees gain access to 100 percent debt-free programs, but they will also have the chance to unveil new opportunities to pursue  not only their career aspirations, but educational dreams too. “At Lowe’s, we believe greater access to education leads to more opportunities, and our success is intertwined with our associates’ success and their ability to continuously learn,” said Janice Dupré, Lowe’s executive vice president of human resources. “We actively listen to our associates to identify how we can help them in the...

Apr 15, 2022

'Shark Tank's' Daymond John to Bring Minority-Owned Products to Lowe's Shelves

Lowe’s just announced a partnership with Daymond John of ABC’s “Shark Tank” to change the narrative when it comes to minority entrepreneurs and big corporate brands, according to CNN . Minority entrepreneurs and other owners of diverse small businesses can apply for a chance to win shelf space and pitch their products to the home improvement giant’s executives. Per Lowe’s, a diverse small business is at least 51 percent owned, operated, and controlled by veterans, women, minorities, or those who are LGBTQ. With the help of John, who is also the founder of hip-hop apparel company FUBU, the company’s idea is to let these business owners make their case directly to Lowe’s executives and help streamline the process. “Lowe’s is giving these minority-owned businesses a much-deserved chance to shine while uncovering unique, smart products that will make Lowe’s shelves even more appealing to customers,” said John. John shares that it normally takes years for a business to get its products...

Sep 16, 2020

Lowe's Announces $25M Grant Fund to Support the Re-Opening of Small Black Businesses

Lowe’s CEO, Marvin Ellison, announced that the home improvement company will do its part in helping reboot the American economy by allocating $25 million in grants to small businesses owned by people of color. The fund aims to assist in the re-opening of businesses owned by people of color that were affected by the COVID-19 shutdown. “These are going to be minority businesses and other businesses that are now starting to reopen,” Ellison told CNBC’s Mad Money . “So we just want to continue to not only run a good business but also be a great corporate citizen in all of the communities that we operate in.” Earlier this year, Lowe’s also provided a $25 million fund to aid in the fight against the pandemic in which $10 million went to providing medical frontline workers with Person Protective Equipment (PPE). According to Black Enterprise , Ellison became CEO of Lowe’s in 2018 making him one of only four Black CEOs of a Fortune 500 company.  Ellison believes in the small businesses of...

Jun 10, 2020