Facebook to Invest $1.1 Billion in Minority Suppliers and Diverse Leadership

As the dial is turned up on the racial justice movement, Facebook, like other corporations, is bringing into focus the need to support communities of color through supplier partnerships and increasing workforce diversity and inclusion. (Facebook Diversity Report)

Facebook has committed to spend $1.1 billion annually on minority businesses and diversifying its executive leadership and workforce. It signals an opportunity for Tribally and Native-owned suppliers to pursue business — “from facilities to construction to marketing agencies and more,” according to COO Sheryl Sandberg. 

Facebook’s plans to increase diversity in its leadership entails adding 30 percent more people of color, of which 30 percent will be black. The company has also noted it will double its number of black and Latinx staff by end of 2023. Native American workforce development was not expressly addressed, though the company more broadly stated its goal to have at least 50 percent of its workforce comprised of “underrepresented communities” by then. 

Among Facebook’s resource groups is [email protected] — the voice for individuals working at Facebook who represent Native Americans, American Indians, First Nations, Alaskan Natives, Native Hawaiians, and other indigenous communities. 

Native Business previously featured Danielle Forward, a member of the Cloverdale Rancheria of Pomo Indians (Makahmo Pomo) in northern California, covering her resilience and career path to garner the coveted job title of Product Designer at Facebook. Forward also founded Natives Rising “so that I could help move Native folks enter the tech industry with the support I never had, and to think about broader internet connectivity initiatives for rural indigenous in North America,” she told Native Business Magazine.

READ MORE: Fast Forward: Facebook Catches a Rising Star 

The social media giant joins a host of corporations that have pledged money to address racial inequalities, such as Google, Bank of America, Comcast, Nike and Walmart.

ADVERTISEMENT

FEATURED VIDEO

VIDEO: NATIVE BUSINESS APP. DOWNLOAD TODAY!

PURCHASE NATIVE BUSINESS MAGAZINE

SIGN UP FOR OUR E-NEWS & UPDATES

Previous

Next

Pin It on Pinterest

Share This

Share This

Share this post with your friends!

X