Power company Entergy has announced a new multi-million commitment to advance Historically Black Colleges and Universities (HBCUs).
According to a news release, Entergy plans to deploy $20 million to HBCUs over 10 years. The funding will impact students in Arkansas, Louisiana, Mississippi, and Texas and is intended to support them through education, academic scholarships, career readiness, internships, and workforce development programs.
Specific plans include $5,000 in scholarships granted to 20 “high-achieving” students over the next 10 years and an annual grant program to support facility improvements, research, and endowments across HBCUs located in the states where Entergy provides service.
HBCU students will also have access to employment opportunities, including 10 internships each year and college recruitment events.
“With roots in our service area for more than 100 years, what matters to our neighbors and our communities matters to us,” said Drew Marsh, Entergy’s chair and CEO, in a news release. “That’s why Entergy is proud to continue our longstanding support of Historically Black Colleges and Universities with our 10-year, $20 million commitment to elevate and empower these institutions and their students. As an energy industry leader, it’s important that we help develop future generations of the U.S. energy workforce by strengthening awareness and promoting the advantages of careers in our field.”
Moreover, students will receive seeded investment accounts and financial literacy education, accompanied by coaching in partnership with the digital investment platform Stackwell Capital.
As AFROTECH™ previously reported, Stackwell Capital, founded by Trevor Rozier-Byrd to create generational wealth, had previously granted $25,000 to Hampton University students of the 2026 graduating class for Stackwell investment accounts.
“We share a vision and mission of investing in our community, and together, we have created a program that will have an outsize impact across the Black community,” Rozier-Byrd said at the time. “This program can set a new standard for financial wellness and wealth creation, and we look forward to extending its reach to benefit thousands of students for years to come.”
