Northwestern Mutual is investing $5 million in two Black-led, Milwaukee-based community development financial institutions to increase access to capital for Black and African American businesses.

The company will partner with Legacy Redevelopment Corp. and Northwest Side Community Development Corp. to fuel small business growth and economic vitality in the Milwaukee community.

“Northwestern Mutual has a legacy of investing in the communities we proudly serve, particularly in our hometown of Milwaukee,” Ray Manista, the company’s executive vice president and chief legal and compliance officer, said in a statement.

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