TPP Capital Management Group is seeking $1 billion in partnerships and investments for an initiative to build infrastructure in Black neighborhoods that will promote health and wellness. The project and firm are both based in Philadelphia.
The firm's mission is to invest in as many as five underserved Black neighborhoods over the next 10 years.
In a prepared statement, the firm states that with the COVID-19 pandemic and resurgence of the Black Lives Matter movement, now is the time to focus on Black health. The pandemic has disproportionately affected Black communities. According to NPR, in the US, "African-American deaths from COVID-19 are nearly two times greater than would be expected on their share of the population."
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