ATLANTA (AP) – Apple AAPL, + 1.62%, and a major utility company are each giving $ 25 million to launch a learning center and business incubator for historically black college and university students, as part of a large amount of donations to such schools in the wake of the summer protests over racial injustice. The Propel Center will have a physical campus in Atlanta and online offerings aimed at reaching students at the more than 100 historically black institutions in the country.
Apple to launch developer academy in Detroit
See also: Why the struggling restaurant industry may have played a role in the Rockets exchange James Harden Apple also announced Tuesday that it will award grants to HBCU engineering programs to expand curricula, research and lab space, add 100 new student scholarships, and open a first-of-its-kind developer academy in Detroit. . It will also invest $ 10 million over the next 20 years with venture capital firm Harlem Capital to fund startups with diverse founders and $ 25 million in Clear Vision Impact Fund for equity loans to small and medium-sized businesses, with an emphasis on ownership of minorities. Business. “We are all responsible for the urgent work to build a fairer and more equitable world, and these new projects send a clear signal of Apple’s enduring commitment,” Apple CEO Tim Cook said in a statement. Money from Atlanta-based Apple and Southern Co., which owns electric and gas utilities, will fund a 50,000-square-foot (4,650-square-meter) building for the Propel Center near the Atlanta University Center. That’s a consortium of four black colleges (Clark Atlanta University, Morehouse College, Spelman College, and Morehouse School of Medicine) that share resources like a common library. “Propel will provide HBCU student-scholars across the country access to cutting-edge technology, resources and programming to be globally competitive in multidisciplinary disciplines and career paths,” said Clark Atlanta University President George T. French Jr. The Propel Center is spearheaded by Ed Farm, a Birmingham, Alabama-based non-profit organization that previously started a program to teach computer coding and provide career opportunities to HBCUs. “We are delighted to partner with Apple on this extraordinary project,” said Anthony Oni, founder and chairman of the board of Ed Farm, and vice president of Southern Company. “The Propel Center will help cultivate leadership and drive innovation in technology and beyond, acting as a springboard for change in communities across the United States.” Propel will provide HBCU student-scholars nationwide with access to cutting-edge technology, resources and programming to be globally competitive in multidisciplinary disciplines and career paths, French said. The Propel Center will offer academic programming both in person and online. Classes will focus on entrepreneurship, computer programming, and the entertainment business, but also agriculture, leadership, and social justice. The center also seeks to promote training, business start-up and idea development, with labs at other HBCU campuses offering on-campus orientation. The center will host academics or fellows on its Atlanta campus who will live on site. Apple said the donation is part of a $ 100 million racial equity and justice initiative it announced in June, while Southern Co. said it is part of a $ 50 million initiative to support HBCUs in the service area. of the company in Alabama, Mississippi, Georgia, North Carolina. Tennessee and Virginia. The Apple Developer Academy in Detroit will be a partnership with Michigan State University.