Yum! Brands and KFC US say they will invest $6 million over five years to promote equity in Louisville, especially in the West End. The effort is part of Yum! Brands recently announced Unlocking Opportunity Initiative that commits $100 million over five years to help support equity and inclusion, education, and entrepreneurship for “employees, restaurant team members and communities around the world.”
The local commitment aims to support technology entrepreneurship; grants for Black entrepreneurs and nonprofits; African-American teacher development; college scholarships; high school business, technology, and leadership education; and Black-led philanthropy and advocacy.
In a letter to Yum! employees, CEO David Gibbs said, “Though addressing inequality is challenging and complex and there is no easy fix, as the world’s largest restaurant company, we’re at an inflection point where our actions can, and should, make real and lasting change.”