Creating Opportunity
Walmart began as a dream and with a simple investment – while still wearing his Army uniform, Sam Walton stood in front of the store he bought with $5,000 of his savings and a loan from his in-laws – and that first store has grown into the world’s largest retail company, creating economic opportunity for millions of people around the world in retail and retail supply chains. Since 2015, Walmart and the Walmart Foundation have funded over $130 million to support projects designed to advance workers in retail and related sectors. Walmart is committed to a diverse workforce and announced in June 2020 it would commit a further $100 million over 5 years to create the Center for Racial Equity, which will address systematic racism in society head-on and accelerate change. The center will support philanthropic initiatives focused on the social determinants of health, strengthening workforce development and related educational systems, and criminal justice reform with an emphasis on examining barriers to opportunity faced by those exiting the system. Additionally, Walmart works to provide upskilling and educational opportunities for its workforce, including the company’s innovative Live Better U program, which provides associates with access to higher education for as little as $1 per day.
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