Lowe’s is investing $4 million in new partnerships with two North Carolina universities, the home improvement retailer announced Tuesday.
Queens University of Charlotte announced that Lowe’s will provide $2.5 million for the new Charlotte Talent Initiative, The Charlotte Observer reported. The initiative is a partnership between Mecklenburg County businesses and the college to expand Charlotte’s talent pool and help low-income graduates from local high schools, the school said.
NC Central University in Durham, a historically black college, announced it was receiving a $1.5 million donation from Lowe’s for the college’s School of Business. This includes the placement of Lowe’s name on the business school auditorium currently under construction and a new academic program, according to NCCU.
The school also said the investment will be used to develop a new academic program, as well as faculty recruitment and scholarships.
Last year, Lowe’s pledged $10 million to Johnson C. Smith University, another historically black university, as part of the Mayor’s Racial Equity Initiative, the largest investment in Charlotte’s history aimed at fighting against racial disparities.
Lowe’s, based in Mooresville, North Carolina, has 2,200 hardware and hardware stores in the United States and Canada and employs more than 300,000 people.