Accelerating the Pace of Black Wealth Accumulation
The Greenwood Initiative aims to accelerate the pace of wealth accumulation for Black individuals and families and address systemic underinvestment in Black communities. In 2018, Mike Bloomberg traveled to Tulsa, Oklahoma, to announce that the city had won Bloomberg Philanthropies’ Public Art Challenge. The winning proposal honored the neighborhood of Greenwood, once known as Black Wall Street and the site of one of America’s worst tragedies: the 1921 Tulsa Race Massacre. Mike returned to Tulsa in 2020 to outline his vision for the Greenwood Initiative, which Bloomberg Philanthropies officially launched later that year.