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On March 11 investment bank Siebert Williams Shank announced the first closing of its Clear Vision Impact Fund with $110 million raised from large US corporations including Microsoft, which kicked it off with a $25 million donation after discussions with the firm’s chairman Christopher Williams. Apple, Comcast, Constellation Brands and eBay followed. It will soon start supporting and making loans to minority-owned businesses, which provide employment and training to underserved communities that face a persistent lack of capital for growth.
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