Adedamola Agboola | June 6, 2018

Boeing Partners With The Thurgood Marshall College Fund To Invest $6 Million In HBCUs

Boeing is partnering with the Thurgood Marshall College Fund to invest $6 million in HBCUs and minority students looking to break into the aerospace industry.

Continuing with its commitment to diversify its own internal workforce and available talent in the aerospace marketplace, Boeing is partnering with the Thurgood Marshall College Fund (TMCF) to invest $6 million in historically black colleges and universities (HBCUs).

When Congress passed its $1.5 trillion Tax Cuts and Jobs Act last December, Boeing Chief Executive Dennis Muilenburg praised it as a “critical driver of business, economic growth and innovation” in a news release.

“On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States,” Muilenburg said. “It’s the single-most important thing we can do to drive innovation, support quality jobs, and accelerate capital investment in our country.”

The new tax law he praised unequivocally gives corporations a massive permanent tax break, temporary rates to individuals and of course, repeals the Affordable Care Act’s individual mandate, but Muilenburg made a $300 million commitment to invest in additional employee-related and charitable investments, as a result of the new law.

A few months later, the company is making good on its promise. With $100 million already earmarked to be invested internally through its employee development initiatives, Boeing will also commit $6 million to HBCUs through its partnership with TMCF, the nation’s largest organization exclusively representing the Black College Community.

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