Columbus-based Cummins Inc. (NYSE: CMI) is planning to distribute $3 million to support Black-owned businesses in Indianapolis and Columbus, as well as Minneapolis and Memphis. The company is working with Community Development Financial Institutes, nonprofit organizations and municipal partners to distribute the funds.
Cummins says it launched Cummins Advocating for Racial Equity last year to help undo the systemic discrimination against the Black community in the U.S.
“Teamwork, Caring, Integrity, and Diversity & Inclusion are cornerstone values of Cummins, and connecting with local organizations that share these values was important to ensure these funds are distributed properly,” said Shon Wright, vice president of Cummins Turbo Technologies and Economic Empowerment CARE Workstream Leader. “Furthermore, the community partners we identified share our understanding that when we aid the Black community, we in fact support the larger community.”
Cummins says its partners include the Metropolitan Economic Development Association in Minneapolis, River City Capital Investment in Memphis, the Local Initiatives Support Corporation in partnership with the Indy Black Chamber of Commerce in Indianapolis and the National Association for the Advancement of Colored People Columbus/Bartholomew Branch with the Columbus Area Chamber of Commerce.