Netflix has plans on investing $100 million into black banking institutions in an effort to close the wealth gap.
The plan is to invest in black banking institutions and community development organizations that have a better track record for lending to black entrepreneurs than mainstream banks.
The first check will go to New York-based Support Corporation who has several locations throughout the United States and the Hope Credit Union which services underserved communities in the South.
Netflix originally designed the plan last April, however with the call for systematic racism to be dismantled the plan is being executed immediately.