PMI U.S. Invests in Communities; Announces $150,000 Grant to Support California Asian Pacific Chamber of Commerce

Philip Morris International (NYSE:PM) announced a $150,000 grant to the California Asian Pacific Chamber of Commerce on March 4, 2026 to support the Main Street Small Business Impact Program and Small Business Utilization Center.

Rhea-AI Summary

Philip Morris International (NYSE:PM) announced a $150,000 grant to the California Asian Pacific Chamber of Commerce on March 4, 2026 to support the Main Street Small Business Impact Program and Small Business Utilization Center.

This brings PMI U.S.'s total support to $350,000 over two years and includes a PMI U.S. director joining the Chamber's board to expand assistance for AAPI and disadvantaged entrepreneurs across California.

Argus Mar 4 session

+0.62% close to close Open Argus

Details

News Market Reaction – PM

On Mar 4, the day this news came out, PM closed 0.62% above the previous close.

Data tracked by StockTitan Argus for the Mar 4 session.

Key Figures

Community grant: $150,000 Federal contract: $10 million California small businesses: 4.2 million+ +5 more

Community grant

$150,000

Donation to California Asian Pacific Chamber of Commerce

Federal contract

$10 million

Contract secured by woman-owned construction company highlighted by program

California small businesses

4.2 million+

Number of small businesses in California

Small business employment

7 million

People employed by small businesses in California

Share of CA businesses

99.9%

Proportion of California businesses that are small businesses

AAPI-owned businesses

722,000+

Number of AAPI-owned businesses in California

AAPI employment

910,000+

Californians employed by AAPI-owned businesses

AAPI business revenue

$181 billion

Annual revenue generated by AAPI-owned businesses in California

Historical Context

5 past events · Latest: Feb 18

5 events

1. Feb 18

   Guidance reaffirmed

   24h Move

   -0.5%

   Reaffirmed 2026 EPS forecast and growth outlook at CAGNY conference.

2. Feb 11

   Conference preview

   24h Move

   +2.0%

   Announced upcoming CAGNY presentation featuring CEO and CFO webcast.

3. Feb 06

   Earnings release

   24h Move

   +0.5%

   Reported strong 2025 EPS growth and >$40.6B net revenues with smoke-free mix.

4. Jan 30

   Earnings webcast

   24h Move

   +0.9%

   Scheduled webcast and Q&A for Q4 and full-year 2025 results.

5. Jan 23

   Regulatory advocacy

   24h Move

   +1.8%

   Urged FDA panel to recommend ZYN MRTP status with supporting evidence.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Grant Opens Doors for Entrepreneurs and Expands Economic Opportunity Across the Golden State 

STAMFORD, Conn., March 4, 2026 /PRNewswire/ -- Today, Philip Morris International's U.S. businesses ("PMI U.S.")  announced a $150,000 donation to the California Asian Pacific Chamber of Commerce (CalAsian Chamber) further demonstrating PMI U.S.'s commitment to investing in communities.

The contribution will support the Chamber's Main Street Small Business Impact Program and Small Business Utilization Center. These programs provide hands-on technical assistance that has helped Californians – from a rural family-owned food truck creating inclusive employment to a woman-owned, full-service construction company securing a $10 million federal contract – turn great ideas into lasting economic opportunity.

California is home to more than 4.2 million small businesses which employ seven million people and represent 99.9 percent of all businesses in the state. It is also home to one of the country's largest and fastest-growing Asian American and Pacific Islander (AAPI) business communities. More than 722,000 AAPI-owned businesses employ over 910,000 Californians and generate $181 billion in annual revenue. These businesses serve as vital engines of economic growth and community stability.

"PMI U.S.'s generosity and deep commitment to community impact demonstrates what thoughtful, effective corporate responsibility looks like," said Pat Fong Kushida, President and CEO of the CalAsian Chamber. "Their support strengthens our ability to deliver meaningful, tangible assistance to entrepreneurs who need it most. With their continued partnership and support, we're excited for what we can accomplish together across the Golden State in 2026."

The Chamber's Main Street Small Business Impact Program provides individualized advising, lender connections and procurement coaching to help entrepreneurs strengthen readiness and unlock new market opportunities. The Small Business Utilization Center connects entrepreneurs to national, state and local resources, offering hands-on support to help small businesses overcome challenges and achieve sustainable, long-term growth.

"Lasting impact comes from showing up consistently, earning trust over time and investing in leaders who know their communities best," said Marian Salzman, Senior Vice President, Corporate Affairs, PMI U.S. "The CalAsian Chamber is a powerful force for empowerment and economic mobility and exactly the kind of values‑driven partner our commitment to investing in communities was built to champion. We're inspired and energized by their vision and proud to support their work to unlock new pathways of growth for California's small‑business community."

With this latest investment, PMI U.S.'s total support of the CalAsian Chamber now reaches $350,000 over the past two years, reinforcing a partnership focused on expanding opportunity for socially and economically disadvantaged entrepreneurs across California. As part of this partnership, James Curry, Director of External Affairs at PMI U.S., has also joined the CalAsian Chamber's board of directors.

Invested in Communities reflects PMI U.S.'s broader focus on strengthening the economic wellbeing of communities across the country. To learn more, visit HERE.

PMI U.S.: Invested in America

Philip Morris International Inc.'s U.S. businesses are invested in America's future and advancing a smoke-free nation. The businesses are committed to providing the approximately 30 million legal-age consumers who smoke cigarettes with better, smoke-free alternatives and to ensuring the products are marketed responsibly. From PMI's global headquarters in Stamford, Connecticut, and other locations nationwide, PMI U.S. contributes leadership, jobs, investment, and innovation in the U.S. The U.S. businesses employ more than 3,000 people across America and operate product manufacturing facilities, including in Owensboro, Kentucky, and Wilson, North Carolina. For more information, please visit www.uspmi.com.

References to "PMI" mean the Philip Morris International family of companies. "PMI U.S.," "we," "our," and "us" refer to one or more PMI U.S. businesses.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pmi-us-invests-in-communities-announces-150-000-grant-to-support-california-asian-pacific-chamber-of-commerce-302703820.html

SOURCE PMI US Corporate Services, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PMI U.S. announce on March 4, 2026 regarding the CalAsian Chamber (PM)?

PMI U.S. announced a $150,000 grant to the California Asian Pacific Chamber of Commerce. According to the company, the grant supports the Chamber's Main Street Small Business Impact Program and Small Business Utilization Center to help entrepreneurs access technical assistance and procurement coaching.

How much has PMI U.S. (PM) donated to the CalAsian Chamber over the past two years?

PMI U.S.'s cumulative support to the CalAsian Chamber reached $350,000 over two years. According to the company, this total includes the recent $150,000 contribution and ongoing partnership activities to expand economic opportunity for AAPI entrepreneurs.

What programs will the $150,000 grant from PMI U.S. (PM) fund in California?

The grant will fund the Main Street Small Business Impact Program and the Small Business Utilization Center. According to the company, these programs provide advising, lender connections, and procurement coaching to strengthen small-business readiness and growth.

Does PMI U.S. (PM) have a role on the CalAsian Chamber board after the donation?

Yes. A PMI U.S. representative has joined the CalAsian Chamber board of directors. According to the company, James Curry, Director of External Affairs at PMI U.S., now serves on the board to support the partnership and community outreach.

Which small-business groups in California does PMI U.S.'s grant aim to help (PM)?

The grant targets AAPI-owned and disadvantaged small businesses across California, including rural and woman-owned firms. According to the company, programs funded will help businesses access contracts, lenders, and technical assistance to scale operations.

How does PMI U.S. describe its broader community initiative tied to the CalAsian Chamber grant (PM)?

PMI U.S. frames the grant within its 'Invested in Communities' initiative to strengthen economic wellbeing. According to the company, the effort focuses on workforce, entrepreneurship, and local investment to expand opportunity for communities nationwide.