Entergy, the power company, has recently made a significant pledge to support the progress of Historically Black Colleges and Universities (HBCUs) by committing millions of dollars.
Entergy has announced that it will be investing $20 million towards the development of Historically Black Colleges and Universities (HBCUs) over the next decade. This funding will be utilized to benefit students in Arkansas, Louisiana, Mississippi, and Texas, with a focus on education, academic scholarships, career readiness, internships, and workforce development programs. The aim of this investment is to support the growth and development of HBCU students, enabling them to achieve their academic and professional goals.
Entergy has devised a set of concrete initiatives to support historically black colleges and universities (HBCUs). These include awarding $5,000 scholarships to 20 exceptional students over the next decade and launching an annual grant program aimed at improving facilities, conducting research, and endowing funds at HBCUs located in areas where Entergy operates.
HBCU students will be able to explore employment opportunities, which consists of 10 internships per year and college recruitment events.
Entergy’s CEO, Drew Marsh, emphasized the company’s commitment to the communities it serves, stating, “What matters to our neighbors and our communities matters to us.” In a recent news release, Marsh announced Entergy’s continued support of Historically Black Colleges and Universities (HBCUs) through a 10-year, $20 million commitment. The aim of this initiative is to empower and elevate HBCUs and their students. Marsh also highlighted the importance of developing future generations of the energy workforce and promoting the advantages of careers in the field, stating that as an industry leader, Entergy is dedicated to this mission.
In addition, students will be provided with investment accounts that are pre-funded, and they will also be given financial literacy education. This will be accompanied by personalized coaching in collaboration with the digital investment platform, Stackwell Capital.
As reported by AFROTECH™ earlier, Trevor Rozier-Byrd founded Stackwell Capital with the goal of building generational wealth. The company had previously gifted $25,000 to students belonging to the 2026 graduating class of Hampton University for opening investment accounts with Stackwell.
During the announcement, Rozier-Byrd expressed her excitement for the program they have created, stating that it aligns with their shared vision and mission of investing in the community. She emphasized that the program has the potential to make a significant impact within the Black community, setting a new standard for financial wellness and wealth creation. Rozier-Byrd further added that they are looking forward to extending the program’s reach, benefiting thousands of students for years to come.
