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Pepsico Announces $175,000 In Additional Funding To Local Nonprofits Aimed To Increase Access To High-Quality Careers Among 3,000 Youth In Chicago'S South And West Sides

Dec 17, 2021•over 3 years ago

Amount Raised

$175,000

Round Type

pre-seed

Chicago

Description

PepsiCo today announced $175,000 in additional grants to the next round of community partners as part of the Pathways to Readiness and Empowerment Program (PREP). The announcement of the second round of grants reinforces PepsiCo's commitment to sustainable investment in the future of Chicago and in high-quality careers and new opportunities for the city's youth. Launched in October 2021 and co-designed with Chicago community leaders, PREP is PepsiCo's $5 million initiative to empower and increase access to high-quality careers among nearly 3,000 Black and Hispanic young people in Chicago's South and West Sides.

Company Information

Company

Pepsi Co

Location

Chicago, Illinois, United States

About

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

Funding Insights

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