Strome Business Minute With Dr. Jeff Tanner

The protests over George Floyd’s death and the other recent deaths of African Americans feel very different this time. For one thing, businesses are taking tangible action. The most eye opening was Bank of America’s pledge of one billion, that’s billion with a b, over a four year period, to go to local programs to support economic mobility and access to healthcare. BOA, which also owns Merrill Lynch, also pledged an equal amount for loans to black-owned businesses. Other companies don’t have that much money to give but are giving what they can and are redoubling efforts to create inclusive work environments. Nike launched a For Once Don’t Do It campaign against racial intolerance. This time it feels different, in part because businesses have decided that statements alone are not enough. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.