HanesBrands Announces $2 Million Investment in Three HBCUs
As part of its commitment to diversity, equity, and inclusion (DE&I) by providing opportunities for underrepresented minorities and building pipelines of diverse talent, HanesBrands announced a $2 million investment in three historically black colleges and universities (HBCUs). The four-year partnership involves North Carolina A&T, Pensole Lewis College of Business & Design, and Winston-Salem State University, according to Yahoo! Finance.
The press release states that “The university partnerships will fund research and offer financial support to students in areas ranging from sustainability to fashion design to supply chain management.” By offering scholarships, internships, mentorships, and research grants, the partnership hopes to engage students at the respective colleges and universities who are studying information technology, data analytics, supply chain management, finance, marketing, fashion design, and merchandising.
“Inclusion is at the core of who we are as a company, and we are committed to creating opportunity for all,” said Steve Bratspies, CEO of HanesBrands, in the press release. “The scholarships and internships that are part of this program will ensure that students have opportunities to acquire the education and experience necessary to succeed and will help build a diverse and inclusive workforce.”
“We are humbled and honored that HanesBrands shares our same vision to not only see but also take the necessary steps needed to create a more diverse industry,” D’Wayne Edwards, president of Pensole Lewis College of Business & Design, added. The company will be a strategic partner of the HanesBrands Apparel Studio at Pensole Lewis College of Business & Design, which is set to open in March 2022.
This isn’t the company’s first involvement with higher education. In 2020, the company set up a two-year, $50,000 annual financial commitment in partnership with the Thurgood Marshall College Fund (TMCF) to provide scholarships to freshman students attending HBCUs. It has also been a corporate partner to Carver High School in Winston-Salem, North Carolina since 1981, and the Urban Dove Team Charter School in Brooklyn, New York since 2015.