ATLANTA, Jan 25, 2023 /PRNewswire/ — The Residence Depot® will improve its funding in Traditionally Black Schools and Universities (HBCUs) to $4 million in 2023 by launching an expanded vary of neighborhood tasks and profession sources for college kids in its Retool Your College program.
Half of The Residence Depot’s elevated dedication will put together HBCU college students to thrive of their future careers with new needs-based applications together with externships, scholarships, profession workshops and innovation lounges. the opposite $2 million will double the flagship Retool Your College Campus Enchancment Grant, which supplies grants to HBCUs supporting campus enhancements. In its 14-year historical past, this system has given greater than $5.2 million throughout 184 HBCUs.
The vote-based Retool Your College Campus Enchancment Grant is anticipated to assist 30 campuses this yr with grants starting from $40,000 to $150,000 per faculty. HBCU college students, alumni and advocates can vote for his or her favourite HBCUs on-line, on Twitter or Instagram utilizing the varsity’s designated hashtag discovered at retoolyourschool.com. Purposes are at present open and shut February tenth.
“We’re strengthening our dedication to HBCUs and their college students, from instructional enrichment to profession growth alternatives that can observe them lengthy after commencement,” stated arlette guthrie, senior vice chairman of human sources at The Residence Depot. “As a proud HBCU graduate myself, I worth the schooling I acquired and have personally skilled the variety of thought and innovation that HBCU college students deliver to the workforce.”
As a part of the expanded career-development choices, The Residence Depot is partnering with the United Negro School Fund to award 60 $2,500 scholarships to college students at present enrolled at any HBCU. As well as, a brand new enterprise externship will give HBCU sophomores, juniors, and seniors the possibility to work on real-world tasks in Residence Depot enterprise teams like house companies, advertising, and strategic enterprise growth. On the finish of the six-to-eight-week digital program, they will current their ultimate tasks to Residence Depot executives. The funding may also assist the creation of on-campus innovation lounges and resume and interview workshops led by Residence Depot profession growth specialists.
Retool Your College is a key element of The Residence Depot’s variety, fairness and inclusion (DEI) technique, and our dedication to advancing schooling for all in the neighborhood. To drive significant change, the corporate’s DEI technique focuses on three areas: affiliate engagement, neighborhood engagement and provider variety partnerships. For extra info on The Residence Depot’s Retool Your College program, together with info on find out how to apply for scholarships and different grants, go to retoolyourschool.com.
About The Residence Depot
The Residence Depot is the world’s largest house enchancment specialty retailer. On the finish of the third quarter of fiscal yr 2022, the corporate operated a complete of two,319 retail shops in all 50 states, the District of Columbia, Puerto Ricothe US Virgin Islands, Guam10 Canadian provinces and Mexico. The corporate employs roughly 500,000 associates. The Residence Depot’s inventory is traded on the New York Inventory Change (NYSE: HD) and is included within the Dow Jones industrial common and Normal & Poor’s 500 index. The Residence Depot is #17 on the 2022 Fortune 500.
About Retool Your College
The Residence Depot’s Retool Your College grant program strives to present again to our nation’s Traditionally Black Schools and Universities (HBCUs) what they’ve so generously given to their communities: a robust basis, renewed objective and distinctive character by campus uplift and beautification funding. Established in 2009, Retool Your College has invested greater than $5.2 million to assist 184 campus enchancment grants supplied to 70 % of the nation’s HBCUs. To be taught extra about Retool Your College, go to RetoolYourSchool.com and observe us on Twitter @HomeDepotRetool, Instagram @HomeDepotRetool and Fb @RetoolYourSchool.
SOURCE The Residence Depot