Over the next decade, HBCU students will
be equipped with tools for success through education, career and
workforce development programs
NEW
ORLEANS, July 30, 2024 /PRNewswire/ -- Entergy
recently announced a 10-year, $20
million commitment to elevate and empower Historically Black
Colleges and Universities and their students across the company's
service area in Arkansas,
Louisiana, Mississippi and Texas. Through the expansion of Entergy's The
Power of Prosperity program, the donation will support HBCUs and
students with enhanced education, career readiness and workforce
development programs.
Drew Marsh, Entergy's chair and
CEO, announced the company's commitment during an event at the
National Urban League Conference last week in New Orleans. Year after year, this event
brings together key leaders from various sectors, including
business, government, and social advocacy, who are dedicated to
exploring critical issues and initiatives that profoundly impact
communities nationwide.
"With roots in our service area for more than 100 years, what
matters to our neighbors and our communities, matters to us," said
Marsh. "That's why Entergy is proud to continue our longstanding
support of Historically Black Colleges and Universities with our
10-year, $20 million commitment to
elevate and empower these institutions and their students. As an
energy industry leader, it's important that we help develop future
generations of the U.S. energy workforce by strengthening awareness
and promoting the advantages of careers in our field."
Entergy's commitment will provide academic scholarships,
facility grants and endowments, workforce development programming,
internship experiences, access to resources and financial aid,
seeded investment accounts and generational wealth building for
HBCU students. This includes:
- Awarding twenty $5,000
scholarships annually over a decade to high-achieving students
enrolled in any HBCU within Entergy's service states.
- An annual competitive grant program to fund facility
improvements, research endeavors, and endowments at HBCUs in
the Entergy service area, aimed at addressing inequalities and
enhancing the long-term viability of these institutions.
- Offering pathways to employment at Entergy for
top-performing HBCU students through workforce development
initiatives, including 10 annual internships, targeted college
recruitment events, strategic partnerships with university
administration and faculty, and more.
The Power of Prosperity, initially piloted last year in
New Orleans, aims to break down
barriers to student success and equip students with the knowledge
and tools to build multigenerational wealth. Through Entergy's
partnership with Single Stop, HBCU students and their families gain
free access to financial support and resources. Single Stop, a
national nonprofit, makes it easy for individuals to access support
in areas such as finance, food, education, healthcare, childcare,
tax help, utility payments and more through their "one-stop shop"
program.
In addition, students will be provided with seeded investment
accounts and access to financial literacy education and coaching
through Entergy's partnership with Stackwell Capital, a digital
investment platform designed to help close the racial wealth gap by
empowering more people in the Black community to use the power of
the stock market to grow their wealth.
Over the course of the next decade, Entergy's strategic
partnerships will help remove barriers to student success, equip
them with tools and knowledge and build a path to multigenerational
wealth for a brighter tomorrow.
Learn more about Entergy's commitment to power life today
and for future generations of scholars.
About Entergy
Entergy is a Fortune 500 company that powers life for 3 million
customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and
resilience of the energy system while helping our region transition
to cleaner, more efficient energy solutions. With roots in our
communities for more than 100 years, Entergy is a nationally
recognized leader in sustainability and corporate citizenship.
Since 2018, we have delivered more than $100
million in economic benefits each year to local communities
through philanthropy, volunteerism and advocacy. Entergy is
headquartered in New Orleans,
Louisiana, and has approximately 12,000 employees. Learn
more at entergy.com and connect with @Entergy on social
media. #WePowerLife
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SOURCE Entergy Corporation