Target is spotlighting its partnership with Russell Innovation Center for Entrepreneurs (RICE), a program supporting Black small business founders with access, education, and community, amid ongoing boycotts over its decision to rollback DEI initiatives. In a press release published on October 20, 2025, Target detailed its partnership with RICE, which began in 2020 and was renewed in 2024. The release comes just months after CEO Brian Cornell stepped down, following low foot traffic and sales. Target’s partnership with RICE The RICE’s Retail Readiness Academy (RRA) has allowed Black founders to expand
The Arthur M. Blank Family Foundation donated $2 million to The Russell Innovation Center for Entrepreneurs (RICE) to further the organization’s mission to expand, scale, and develop Black entrepreneurs across Atlanta and beyond. The Arthur M. Blank Family Foundation’s $2M Donation The announcement was made during a fireside chat held at RICE, which featured Jay Bailey, President & CEO of RICE; Fay Twersky, President of the Arthur M. Blank Family Foundation; and Kacey Venning, a RICE stakeholder and nonprofit leader. “The Arthur M. Blank Family Foundation’s belief in our mission
The Russell Innovation Center for Entrepreneurs (RICE), a pivotal hub for Black entrepreneurs in Atlanta, announced a $2 million grant from Truist Foundation and two Truist Trusteed Foundations. RICE positions itself as Atlanta’s home for Black entrepreneurs and an economic mobility engine for the community. Its stakeholders have created hundreds of jobs, generated over $100 million in revenue, and spurred $450 million in total economic activity. This financial endorsement by Truist comes at a critical time. It is set to accelerate RICE’s expansion efforts and elevate the stature of Atlanta-based Black entrepreneurs within and
