Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy.
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.
By contrast in regard to Home Depot (this from 2019):
Home Depot sought to distance itself from billionaire co-founder Bernie Marcus after he pledged to back President Trump’s bid for re-election in 2020.
Calls to boycott the retailer took off as news spread that Marcus told The Atlanta Journal-Constitution that he plans to support Trump’s bid for another term.
“If you plan on buying a hammer, wood, or ANY home improvement items from Home Depot, you may as well send donations DIRECTLY to trump’s 2020 campaign,” read one tweet under the hashtag #BoycottHomeDepot.
By Betsy Cagan | President| Bargaining Power Inc., New York, NY 10011, bargainingpower.com