✅ In 2020, Lowe’s created a $25 million grant for minority-owned small businesses trying to reopen after being forced to close due to the COVID-19 coronavirus disease pandemic.
Lowe’s is dishing out the funds to help small businesses, especially home improvement professionals, in need of masks, personal protective equipment and other supplies to operate safely. The new funds follow $340 million of support the home improvement retailer provided for Covid-19 response activities in the first quarter.
“These are going to be minority businesses and other businesses that are now starting to reopen,” CEO Marvin Ellison told CNBC’s Jim Cramer in a “Mad Money” interview. “So we just want to continue to not only run a good business but also be a great corporate citizen in all of the communities that we operate in.”$7 million to U.S. President Donald Trump’s 2016 campaign. He vowed to again support Trump in his 2020 run against presumptive Democratic nominee Joe Biden.
Democratic and Republican federal candidates in 2020, with 44% of those contributions going to Democrats and 56% to Republicans, according to the campaign transparency tracking tool Open Secrets. Meantime the political action committee for Lowe’s donated a total of $540,500 to federal candidates in both parties, with 30% going to Democrats and 70% to Republicans, per Open Secrets.
Political action committees associated with corporations are separate organizations that are funded by employees or owners of the company . These PACs donate money to political candidates and organizations they believe to be “aligned with their financial goals,”Given the meme leaves out important context about political contributions and Marcus’ current involvement with Home Depot, we rate this claim “Mostly true.
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