STOCK TITAN

Entergy To Sponsor 51st Annual Bayou Classic, Expands Partnerships With HBCUs

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership

Entergy has announced its platinum sponsorship of the 51st Bayou Classic, a prestigious annual football game between Southern University Jaguars and Grambling State University Tigers that celebrates Historically Black Colleges and Universities (HBCUs). The event, drawing over 200,000 people to New Orleans, will take place on November 30 at the Caesars Superdome. As part of its commitment to HBCUs, Entergy has pledged a $20 million, 10-year investment through The Power of Prosperity program to support education, career readiness, and workforce development across Arkansas, Louisiana, Mississippi, and Texas.

Entergy ha annunciato la sua sponsorizzazione in platino della 51ª Bayou Classic, una prestigiosa partita di football annuale tra i Jaguars della Southern University e i Tigers della Grambling State University, che celebra i College e Università Storicamente Neri (HBCUs). L'evento, che attira oltre 200.000 persone a New Orleans, si svolgerà il 30 novembre al Caesars Superdome. Come parte del suo impegno verso le HBCUs, Entergy ha promesso un investimento di 20 milioni di dollari in 10 anni attraverso il programma The Power of Prosperity per supportare l'istruzione, la preparazione professionale e lo sviluppo della forza lavoro in Arkansas, Louisiana, Mississippi e Texas.

Entergy ha anunciado su patrocinio platinum de la 51ª Bayou Classic, un prestigioso partido de fútbol anual entre los Jaguars de la Southern University y los Tigers de la Grambling State University, que celebra las Universidades y Colegios Históricamente Negros (HBCUs). El evento, que atrae a más de 200,000 personas a Nueva Orleans, se llevará a cabo el 30 de noviembre en el Caesars Superdome. Como parte de su compromiso con las HBCUs, Entergy se ha comprometido a realizar una inversión de 20 millones de dólares durante 10 años a través del programa The Power of Prosperity para apoyar la educación, la preparación profesional y el desarrollo de la fuerza laboral en Arkansas, Louisiana, Mississippi y Texas.

Entergy는 51회 Bayou Classic의 플래티넘 스폰서십을 발표했습니다. 이 행사는 Southern University Jaguars와 Grambling State University Tigers 간의 권위 있는 연례 미식축구 경기로, 역사적으로 흑인 대학 및 대학(HBCUs)을 기념합니다. 이 행사에는 20만 명 이상이 뉴올리언스를 방문하며, 11월 30일 Caesars Superdome에서 개최될 예정입니다. Entergy는 HBCUs에 대한 헌신의 일환으로 Arkansas, Louisiana, Mississippi 및 Texas 전역에서 교육, 직업 준비 및 노동력 개발을 지원하는 프로그램인 The Power of Prosperity를 통해 2천만 달러의 10년 투자를 약속했습니다.

Entergy a annoncé son parrainage platine de la 51e Bayou Classic, un match de football annuel prestigieux entre les Jaguars de la Southern University et les Tigers de la Grambling State University, qui célèbre les Colleges et Universités Historiquement Noirs (HBCUs). L'événement, qui attire plus de 200 000 personnes à La Nouvelle-Orléans, aura lieu le 30 novembre au Caesars Superdome. Dans le cadre de son engagement envers les HBCUs, Entergy a promis un investissement de 20 millions de dollars sur 10 ans à travers le programme The Power of Prosperity pour soutenir l'éducation, la préparation à la carrière et le développement de la main-d'œuvre dans l'Arkansas, la Louisiane, le Mississippi et le Texas.

Entergy hat sein Platin-Sponsoring des 51. Bayou Classic bekannt gegeben, einem prestigeträchtigen jährlichen Footballspiel zwischen den Jaguars der Southern University und den Tigers der Grambling State University, das die historisch schwarzen Colleges und Universitäten (HBCUs) feiert. Die Veranstaltung zieht über 200.000 Menschen nach New Orleans und findet am 30. November im Caesars Superdome statt. Im Rahmen seines Engagements für HBCUs hat Entergy eine Investition von 20 Millionen Dollar über 10 Jahre im Rahmen des Programms The Power of Prosperity zugesagt, um Bildung, Berufsvorbereitung und die Entwicklung der Arbeitskräfte in Arkansas, Louisiana, Mississippi und Texas zu unterstützen.

Positive
  • Announced $20 million, 10-year commitment to support HBCUs across four states
  • Event expected to generate significant economic benefits through tourism and local business revenue
  • Sponsorship of major event drawing 200,000+ attendees
Negative
  • None.

Insights

This sponsorship and HBCU partnership expansion demonstrates Entergy's strategic commitment to community engagement and workforce development. The $20 million investment over 10 years in The Power of Prosperity program is particularly noteworthy, targeting education and career readiness across four states. While the Bayou Classic sponsorship itself has direct financial impact, the broader HBCU initiative represents a significant long-term investment in developing a diverse talent pipeline for the energy sector.

The event's draw of 200,000+ visitors to New Orleans provides valuable brand exposure and community goodwill, though the financial impact on ETR's bottom line is minimal relative to its $32.4 billion market cap. This type of strategic community investment typically yields returns through improved talent acquisition, local regulatory relationships and ESG metrics rather than immediate financial gains.

NEW ORLEANS, LA / ACCESSWIRE / November 26, 2024 / Entergy is pleased to serve as a platinum sponsor of the 51st Bayou Classic, an annual event that celebrates the rich heritage and legacy of America's Historically Black Colleges and Universities. Entergy has a longstanding commitment to powering life for its customers and communities. The prominent football game, played between the Southern University Jaguars and the Grambling State University Tigers, serves as a platform to not only showcase exceptional athletic talent but also to honor the traditions, achievements and contributions of HBCUs to American society.

"We're honored to again sponsor the Bayou Classic and help support a celebration that has become an iconic part of Thanksgiving weekend here in New Orleans," said Drew Marsh, Entergy's chair and chief executive officer. "Entergy is proud to continue our longstanding collaboration with HBCUs, through which we have created more opportunities for students to thrive. As an energy industry leader, it's important that we develop future generations, fostering a diverse and innovative energy workforce that will strengthen our entire community."

The Bayou Classic, presented by P&G, draws more than 200,000 people to New Orleans each year, providing numerous opportunities to highlight on a national scale all that the city and state have to offer. Entergy's sponsorship will have a significant impact on the local community, generating economic benefits for the city of New Orleans through increased tourism and revenue for local businesses.

Ranked as the No. 1 HBCU Classic in the nation, the football game will be played Saturday, Nov. 30, at the Caesars Superdome in New Orleans. Entergy recognizes the significance of HBCUs in shaping the educational landscape and empowering generations of Black students. With roots in New Orleans for more than 100 years, the company is committed to taking meaningful action to help create opportunities for fostering HBCU student success, as well as building a more diverse, inclusive and equitable workforce in its communities. Earlier this year, Entergy announced a 10-year, $20 million commitment to elevate and empower HBCUs and their students across the company's service area in Arkansas, Louisiana, Mississippi and Texas. The expansion of Entergy's The Power of Prosperity program will support HBCUs and students with enhanced education, career readiness and workforce development programs.

Entergy looks forward to a memorable 51st Annual Bayou Classic event that celebrates the achievements and cultural significance of HBCUs. Learn more about Entergy's commitment to building diverse communities.

About Entergy

Entergy is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability, resilience and growth of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and connect with @Entergy on social media. #WePowerLife

Contact

Media inquiries: Cristina del Canto|504-576-4238|mdelcan@entergy.com


View additional multimedia and more ESG storytelling from Entergy Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Entergy Corporation
Website: https://www.3blmedia.com/profiles/entergy-corporation
Email: info@3blmedia.com

SOURCE: Entergy Corporation



View the original press release on accesswire.com

FAQ

What is Entergy's investment commitment to HBCUs in 2024?

Entergy has committed $20 million over 10 years to support HBCUs and their students across Arkansas, Louisiana, Mississippi, and Texas through The Power of Prosperity program.

When and where is the 51st Bayou Classic sponsored by Entergy taking place?

The 51st Bayou Classic will take place on Saturday, November 30, 2024, at the Caesars Superdome in New Orleans.

How many visitors does the Bayou Classic bring to New Orleans?

The Bayou Classic draws more than 200,000 people to New Orleans annually.

Entergy Corporation

NYSE:ETR

ETR Rankings

ETR Latest News

ETR Stock Data

32.99B
213.91M
0.21%
94.22%
1.84%
Utilities - Regulated Electric
Electric Services
Link
United States of America
NEW ORLEANS