Month: May 2023

KEY TAKEAWAYS 

1. Small Businesses in Baltimore, Detroit, Memphis, Philadelphia, and Portland, are now eligible to apply for a comprehensive grant package that includes business consultation services, educational resources, a $5,000 monetary grant, creative production, media schedule, and a technology makeover.

2. During its initial two-year program, 13,000 small businesses were awarded over $110 million in monetary, marketing, and technology grants through the Comcast RISE program.

PHILADELPHIA, May 23, 2023 /3BL Media/ – Comcast announced a new round of businesses in five cities will receive grants through Comcast RISE, providing 500 more small businesses, with comprehensive grant packages that include business consultation services, educational resources, a $5,000 monetary grant, creative production, media schedule, and a technology makeover.

Comcast RISE is committed to supporting the growth of all small businesses, while advancing the objectives of diversity, equity, and inclusion, as well as community investment. The program was created to help businesses and their communities thrive with a focus on economic growth.

Beginning on June 1, and through June 30, eligible businesses in Baltimore, Detroit, Memphis, Philadelphia, and Portland, can apply for a grant package at www.ComcastRISE.com. A total of 100 grants per city, or 500 grants overall, will be announced in August and awarded in September 2023, bringing the total number of recipients to date to 13,500.

“Small businesses are the backbone of our economy and are essential to building strong and thriving local communities,” said Loren Hudson, SVP and Chief Diversity Officer at Comcast.

As small businesses transition from pandemic recovery to a focus on expansion and growth, Comcast RISE is proud to help strengthen and empower these deserving businesses and entrepreneurs.

LOREN HUDSON

SVP and Chief Diversity Officer at Comcast

Comcast RISE stands for Representation, Investment, Strength, and Empowerment. Comcast RISE was created in November 2020 to help small businesses hardest hit by COVID-19, from bakeries and barber shops to childcare centers and cleaning services, by providing the grants needed to survive and recover. The program will evolve from helping businesses survive the pandemic, to helping businesses and their communities thrive with a focus on economic growth.

Grant packages will include:

CONSULTATION: Assessment of business and tactical planning; business to business coaching; and mentorship to advise on how to grow business.EDUCATION RESOURCES: Educational content and resources tailored to individual companies based on where they are in their business lifecycle.MONETARY GRANT: $5,000 monetary grant to invest in growth and sustainability.CREATIVE PRODUCTION & MEDIA: Turnkey production of a 30-second TV commercial, plus a media strategy consultation and 180-day media placement schedule.TECHNOLOGY MAKEOVER: Computer equipment and Internet, Voice and Cybersecurity services for 12 months. (Taxes and other fees may still apply for tech makeover services.)

In addition, any small business owner can visit the Comcast RISE destination on the X1 platform featuring aggregated small business news, tips, insights, and more. Just say “Comcast RISE” into the X1 voice remote.

Comcast RISE is part of Project UP, the company’s comprehensive initiative to advance digital equity and help build a future of unlimited possibilities.

More information and the applications to apply for a grant package are available at www.ComcastRISE.com.

NEW YORK, May 23, 2023 /3BL Media/ – Tapestry, Inc. (NYSE: TPR), a leading New York-based house of iconic accessories and lifestyle brands consisting of Coach, kate spade and Stuart Weitzman, today was named by Points of Light a 2023 honoree of The Civic 50, recognizing the top community-minded companies in the United States according to an annual survey. Points of Light is dedicated to accelerating people-powered change.

Now in its eleventh year, The Civic 50 is a national standard for corporate citizenship and showcases how leading companies are moving social impact, civic engagement and community to the core of their business. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs: investment of resources and volunteerism, integration across business functions, institutionalization through policies and systems and impact measurement.

Tapestry is on a journey to create a values-driven, people-centered company that balances true fashion authority with meaningful, positive change. The company and its house of brands put corporate citizenship at the core of its business, through its work in social impact, sustainability and equity and inclusion.

“Tapestry and our brands are driven by a shared purpose to stretch what’s possible for our people, our planet, and our communities. We believe that by working to address some of the most pressing issues facing our communities and planet – including empowering diverse voices and talent, providing resources around mental health and well-being, and improving sustainability in the fashion industry –we can build a better-made future for all,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.

In 2023, Points of Light recognized Tapestry for its work in several key areas, across its three brands:

VOLUNTEERING and GIVING

Tapestry Gives, Tapestry’s global employee engagement program offers all global employees, including part- and full-time corporate, field and fulfillment center employees, up to one paid day a year of Volunteer Time Off to support causes they are most passionate about. FY2022 marked the most volunteer hours completed by employees since the company set its 2025 goal in 2018.Tapestry also uses its financial resources to invest in communities where the company does business. In FY (Fiscal Year) 2022, the company reached $40M in collective giving across all three brands to dozens of nonprofits that align with social impact goals. Tapestry also donated $30M in product donations in FY2022 through programs like Coach Dream It Real Closets and other strategic allocations tied to the missions of the brand’s respective foundations.

SUSTAINABILITY

In 2022, Tapestry launched a $3 million four-year partnership between the Tapestry Foundation and World Wildlife Fund (WWF) designed to accelerate the development of an industry-wide standard to certify deforestation and conversion-free (DCF) leather originating from Brazil as part of Tapestry’s commitment to transparency and supply chain traceability.

ACCESS and INCLUSIVITY

Dream It Real is the Coach Foundation’s core mission focused on creating opportunities and removing barriers for the next generation of young people who have the courage to dream it real. Dream It Real has reached over 150,000 young people around the world and has a goal to provide 5,000 scholarships to students by 2025.kate spade new york is a champion for women’s mental health for over a decade and believes that good mental health is a fundamental human right for everyone. Through its social impact work, kate spade new york aims to address a truer, fuller spectrum of a woman’s joy by putting mental health at the heart of their women’s empowerment work. In 2021, kate spade new york and its foundation invested $3 million to support the empowerment and mental health of women and girls with 25 partners globally. In addition, the company has continued to use its brand platform to help destigmatize the topic of mental health and bring resources to its employees, customers and community.In FY22, Stuart Weitzman expanded their partnership with Vital Voices investing in the organization to help launch the Bold Moves Grant. This effort directs significant investment to five inspiring women leaders, fostering lasting change in their communities.

“Companies play a critical role in creating thriving, participatory communities,” said Diane Quest, interim president and CEO, Points of Light. “Companies like Tapestry set a model for others, showing how to best use employee talent, business assets and integration to create meaningful impact, and we’re thrilled to uplift and celebrate their work as an honoree of The Civic 50 2023.”

The Civic 50 survey is administered by True Impact, and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement.

CONTACTS:

Tapestry, Inc.

Media: 

Andrea Shaw Resnick

Chief Communications Officer

212/629-2618

aresnick@tapestry.com

Analysts and Investors:

Christina Colone

Global Head of Investor Relations

212/946-7252

ccolone@tapestry.com

Kelsey Mueller

212/946-8183

Director of Investor Relations

kmueller@tapestry.com

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About Tapestry, Inc.

Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to build a company that’s quitable, inclusive, and diverse. Individually, our brands are iconic. Together, we can stretch what’s possible. To learn more about Tapestry, please visit www.tapestry.com. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.

Follow and connect with Tapestry on LinkedIn and Instagram or visit our newsroom. To build your future at Tapestry, find our latest job opportunities on our careers page.

About Points of Light

Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 145 affiliates across 39 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 3.7 million people in 16.7 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, visit pointsoflight.org.

We believe that diversity, equity and inclusion make us stronger, and it’s woven into all facets of our business. At Bath & Body Works, a diverse supplier base is a key element of how we put our DEI commitments into action.

Since 2003, Bath & Body Works’ supplier diversity program has supported business and leadership development for suppliers from traditionally underrepresented or underserved groups to better position them for growth and inclusion in corporate supply chains.

Guided by our values, diversifying our supply base drives economic development in underserved communities and helps level the playing field in our procurement practices. This model also helps to create jobs, new skills, and support economic capacity within those communities.

“Investing in Supplier Diversity is a key business strategy that invites different perspectives and experiences and gives us the opportunity to discover innovative solutions for our business” says Kelli Holcomb-Acoff, General Manager of Procurement for Bath & Body Works. “Additionally, by focusing on inclusion and support of diverse suppliers, we can directly impact the communities where our customers live.”

Bath & Body Works is committed to working with suppliers that are majority owned or operated by traditionally underrepresented or underserved populations including women; Black, Hispanic, Asian and Native Americans; LGBTQIA+ individuals; veterans and service-disabled veterans; and people with a disability, to ensure they have fair and equitable access to become our business partners.

We work in partnership with local and national organization initiatives to support our program. Currently we’re mentors with Disability: IN, a nonprofit organization which works to effect change for people with disabilities in business. During this year-long mentorship program, we’re paired with a Disability: IN certified supplier, connecting them with subject matter experts throughout the business to share guidance and expertise.

Last year Bath & Body Works launched a pilot program to support our incumbent suppliers in obtaining certification—certification verifies that a company is owned and operated by an individual in one of the dimensions of diversity, providing visibility to other corporations that they are a diverse supplier.

Though Bath & Body Works has fostered a supplier diversity program for 20 years, we’re aiming to deepen and expand our relationships with diverse suppliers in the years to come. We have partnered with leaders across our business to develop a roadmap for a best-in-class program which further broadens economic vitality and prosperity in underrepresented communities and provides fresh perspectives and innovative solutions to our business.

For more information on this program, visit our site here.