PepsiCo Launches "Taste of Tomorrow" to Bring Flavor and Funding to HBCU Students in STEM
Rhea-AI Summary
PepsiCo (PEP) has launched 'Taste of Tomorrow', a $350,000 initiative to increase Black representation in STEM careers, focusing on food science and technology at Historically Black Colleges and Universities (HBCUs). The program includes:
1. $250,000 in scholarships for STEM students across 9 HBCUs for the 2025 school year.
2. $100,000 for STEM resources at Florida A&M University and Prairie View A&M University.
3. R&D educational workshops and on-campus culinary innovations by Pepsi Zero Sugar and Doritos.
The initiative aims to address the underrepresentation of Black professionals in STEM, who currently make up only 9% of the workforce. PepsiCo is partnering with rapper and HBCU alum 2 Chainz to promote the program and inspire students.
Positive
- Investment of $350,000 in STEM education and resources for HBCUs
- Potential to increase diversity in PepsiCo's talent pipeline
- Partnership with celebrity spokesperson (2 Chainz) to promote the initiative
Negative
- None.
News Market Reaction – PEP
On the day this news was published, PEP declined 0.79%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PepsiCo and the PepsiCo Foundation are helping to close the diversity gap in the STEM workforce gap by increasing awareness and access for HBCU students through financial support and resources aimed at supporting food science and elevating culinary innovation
As the employer of choice for STEM careers, this initiative is part of PepsiCo and the PepsiCo Foundation's efforts to work towards creating flavorful futures for students at HBCUs through the advancement of STEM education and culinary innovation.
"HBCUs are a critical pillar of impact, influence, and opportunity, nurturing the next generation of Black leaders," said Kent Montgomery, Senior Vice President, Industry Relations and Multicultural Development at PepsiCo. "We are eager to continue our long-standing commitment of supporting diverse talent in our business and provide students with the resources needed to thrive in their careers and make a positive impact on the world. With the launch of this campaign, we're not only helping to create a more diverse and inclusive workforce for the STEM field, but also drive innovation and progress in the food industry."
Research shows that lack of access to advanced STEM-related courses in public high schools serving predominantly Black students, a decrease in public programming in urban communities and scarcity in representation of Black high achievers in the field have led to insufficient growth of Black professionals and recent graduates in this industry. With HBCUs at the center of culture, education and long-term career and life advancement, PepsiCo and the PepsiCo Foundation are proudly providing funding and flavor to HBCUs and its students through the "Taste of Tomorrow" to combat this disparity, including:
PepsiCo Foundation is providing
Additionally, PepsiCo is honoring and supporting Florida A&M University and Prairie View A&M University by providing
"At the core of what we do at the PepsiCo Foundation is provide underrepresented communities with resources and access to economic opportunities that sustain and elevate their lives," said C.D. Glin, President of the PepsiCo Foundation and Global Head of Social Impact for PepsiCo. "As a proud HBCU graduate and executive in a food and beverage company, my interest in this program is both personal and professional. By investing in HBCU students and supporting STEM education, we hope to inspire a new era of STEM professionals to not only change the future of this industry but provide long-term impact in their communities."
Bringing the flavor, PepsiCo's brands, Pepsi® Zero Sugar and Doritos®, will engage students and fans on-campus through on-the-ground culinary innovations created by in-house chefs and food-science experts to inspire at-home food innovation. PepsiCo will also host a wide range of talent on campus and campaign spokesperson and HBCU alum, 2 Chainz, who is bringing his passion for supporting HBCU students to this initiative.
"As an HBCU Alum, I'm excited to share my platform and partner with the PepsiCo's Taste of Tomorrow initiative to support diversity in STEM and encourage students, all while bringing awareness to the talented graduates coming from HBCUs entering the workforce." said 2 Chainz, rapper and entrepreneur.
"Taste of Tomorrow" underscores PepsiCo's commitment to supporting HBCUs and advancing diverse talent within its pipeline to recruitment. As part of its efforts to amplify equity within its business, this initiative is one part of PepsiCo's work in ensuring marginalized and underserved communities are supported. By leveraging the power of the PepsiCo platform to foster growth for HBCUs and their students, the company is working to help address systemic barriers and create economic opportunities.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.
About the PepsiCo Foundation
The PepsiCo Foundation, the philanthropic arm of PepsiCo, invests in the essential elements of a sustainable food system with a mission to support thriving communities. Working with non-profits and experts around the globe, we're focused on helping communities obtain access to food security, safe water and economic opportunity. We strive for tangible impact in the places where we live and work—collaborating with industry peers, local and international organizations, and our employees to affect large-scale change on the issues that matter to us and are of global importance. Learn more at www.pepsicofoundation.com.
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FAQ
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