STLCF a Part of PepsiCo’s $7 Million Initiative To Help Black And Latino Communities In The U.S. Devastated By Covid-19
The St. Louis Community Foundation (STLCF) is excited to be among one of several grantees to be awarded funding by The PepsiCo Foundation’s comprehensive, new $7 million initiative to provide increased medical and economic aid to communities of color across the country where the company has long worked to support immediate relief and long-term recovery.
PepsiCo’s investment comes as infection rates among Black and Latino communities exceed available resources. Communities of color represent a higher percentage of total COVID-19 infections than they do the national population while the mortality rate for Black and Latino people combined is more than twice than their white counterparts.
Support from PepsiCo is directed to 15 of the nation’s hardest-hit metro areas that have high populations of Black and Latino residents and are among the cities where the company has strong ties and where many of its employees live and serve, specifically: Baltimore, the Bay Area, Boston, Chicago, Dallas, Denver, Detroit, Los Angeles, Memphis, Miami-Dade, Milwaukee, New Orleans, New York City, St. Louis and Washington D.C.
Having invested in partnerships to support vulnerable communities across the U.S. for decades, PepsiCo’s new initiative offers near-term public health needs while also supporting long-term economic revival through employment and home ownership counseling as well as job fairs and employment connections.
The St. Louis Community Foundation will be working alongside with the COVID-19 Regional Response Fund Advisory Council to ensure that funds are being directed to support relief and recovery efforts in black and Latino communities.
Read the full press release from PepsiCo Foundation, here.