Siebert Williams Shank equity partners: Henry Cisneros, Suzanne Shank and Chris Williams. Siebert Williams ShankAs businesses rush to find ways to support minority founders amid global protests against systemic racism, Siebert Williams Shank announced a new impact fund on Thursday, with an initial $25 million seed investment from Microsoft. “With the onset of Covid, we determined that the problems were even deeper and broader than we had anticipated or even existed last year, which led to us really accelerating the conversation,” says Siebert Williams Shank chairman Chris Williams. Some of those metrics include increased job creation in underemployed communities and greater job mobility, training and skills development. “We’re identifying businesses that, with our involvement, we can make more profitable or enable them to return to profitability,” Williams says.

Source: Forbes August 13, 2020 20:18 UTC