Square, Inc. to Invest $100 Million in Minority and Underserved Communities
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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squareup.com/about/investors
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) announced today that it intends to invest $100 million in support of minority and underserved communities, driven by the company’s purpose of economic empowerment and its ongoing commitment to racial equity. The investment constitutes three percent of Square’s cash and marketable securities as of the end of the second quarter of 2020. Square commits to financial support for these causes in the future.According to the U.S. Senate Committee on Small Business and Entrepreneurship, minorities make up 32 percent of the population, yet minority business ownership represents only 18 percent of the population. The Urban Institute notes that there are fewer than two dozen Black-owned banks in the U.S. today, which provide customers access to financial capital and resources, and offer the opportunity to invest in the success of their community. Square believes it is critically important to ensure that access to financial services is no
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SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/15/24 - Form 8-K
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- SQ's page on the SEC website