To further advance our work in this area, Apple is also partnering with a number of community colleges to implement programs that are helping incarcerated and paroled individuals learn new skills and work to prevent recidivism. As one example, at Houston Community College in Texas, Apple is contributing funding and technology to a program that supports individuals on parole and probation to prepare for career and college readiness. Economic empowerment: For today’s entrepreneurs Black, Hispanic/Latinx, and Indigenous business owners deserve a fair shot and a fair share. Through mentorship and financial investments, we back founders who have historically been cut out of opportunities to access capital in order to achieve economic prosperity. Since 2021, we’ve announced $75 million in financial commitments to support Black, Hispanic/Latinx, and Indigenous entrepreneurs, businesses, and financial institutions. These include $25 million in venture capital investments in three Black- and Hispanic/ Latinx-founded firms — Harlem Capital, VamosVentures, and Collab Capital. And $25 million of our commitment is to Siebert Williams Shank’s Clear Vision Impact Fund, which works to increase loan capital for small- and medium-size minority-owned businesses and underserved communities. We also committed $25 million to expand access to capital for financial institutions supporting communities of color in historically underserved markets across the U.S. through CNote’s Impact Cash product. Through our Impact Accelerator, we’re taking steps to help better position businesses led by people of color to benefit from investments in green technology and clean energy, bringing together our commitments to equity and the environment. Launched in 2020, the Impact Accelerator is a three-month virtual program that includes customized training along with access to Apple expert mentors and a growing alumni community — to expand participants’ opportunities within Apple’s supply chain. Read more about the first class of the Impact Accelerator on page 18 . We are also supporting economic empowerment for communities of color through two of our existing programs, Entrepreneur Camp (see page 64 ) and Apple Developer Academy (see page 63 ). In early 2022, Entrepreneur Camp welcomed its first cohort of Hispanic/Latinx founders. And in October 2021, we partnered with Michigan State University to open an Apple Developer Academy in Detroit, a city with a vibrant Black entrepreneur and developer community and over 50,000 minority-owned businesses. Our work to provide access and opportunity to communities of color extends to our own business activities, including supporting inclusion and diversity among our employees (see page 23 ) and increasing Apple’s spend with diverse suppliers (see page 45 ). African American Male Teacher Initiative at Huston-Tillotson University Currently, only 2 percent of all U.S. teachers are Black men, something the program at Huston-Tillotson is working to change. When Black students are taught by a Black teacher, they’re significantly more likely to graduate from high school and consider attending college. To support Huston-Tillotson University’s African American Male Teacher Initiative, Apple is providing scholarships for the program’s students, called Pre-Ed Scholars, as well as hardware, software, and professional development courses for students and faculty. Apple’s multiyear partnership with Huston-Tillotson complements other engagements we’ve established through our Racial Equity and Justice Initiative, working alongside the HBCU community to develop curricula and provide new learning and workforce opportunities. Using FaceTime, Rhys Richard chats with his music professor, Dr. Samuel Rowley, as part of his coursework at Huston-Tillotson University. Appendix Governance Communities Suppliers Customers Our People Environment Introduction Apple’s 2022 ESG Report 61