Black entrepreneurs can find Hidden Money in Fortune 500 companies through these strategies:

1. Supplier Diversity Programs

• Many Fortune 500 companies set aside billions for minority-owned businesses.
• Apply for corporate supplier diversity programs (e.g., Walmart, Amazon, JPMorgan Chase).

2. Grants & Funding Initiatives

• Some companies offer grants for Black entrepreneurs (e.g., Google’s Black Founders Fund, Comcast RISE).
• Check corporate foundations and community reinvestment programs.

3. Sponsorships & Partnerships

• Pitch your business for corporate sponsorships for events, initiatives, or products.
• Partner with companies focused on social impact in Black communities.

4. Venture Capital & Investments

• Some Fortune 500 firms have VC arms funding Black-owned startups (e.g., PayPal Ventures, Salesforce Impact Fund).
• Look for corporate accelerator programs offering funding, mentorship, and networking.

5. Corporate Social Responsibility (CSR) Initiatives

• Big companies have philanthropic programs supporting Black entrepreneurs.
• Leverage mentorship, training, and funding opportunities.

Here are some Fortune 500 companies with supplier diversity programs that support Black entrepreneurs:

1. JPMorgan Chase: Offers a supplier diversity program aimed at integrating diverse businesses into their supply chain. 
2. jpmorgan.com
3. Ford Motor Company: Aspires to increase the diverse-supplier share of total procurement, creating opportunities for minority-owned businesses. 
4. jpmorgan.com
5. Aramark: Recognized for its supplier diversity program, supporting multicultural women in business. 
6. aramark.gcs-web.com
7. Capital One: Provided $1.5 million in grants to Black-owned businesses, supporting growth at various stages. 
8. capitalone.com
9. Aflac: Has a supplier diversity program to promote the inclusion of diverse suppliers in their procurement processes. 
10. growgeorgia.com
11. AGCO Corporation: Offers opportunities through its supplier diversity initiatives, encouraging minority-owned businesses to engage. 
12. growgeorgia.com

Please note that some companies have recently scaled back their diversity, equity, and inclusion (DEI) initiatives. For instance, Walmart has decided to stop considering race and gender policies in its supplier contracts following external pressures. 

thetimes.co.uk

Given these changes, it's essential to research each company's current DEI and supplier diversity policies to identify the most promising opportunities.

Information sourced from ChatGPT (OpenAI) on 02/08/25.

Photo credit: Postermywall.com 

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