Bud Light and the National LGBT Chamber of Commerce, the “exclusive certifying body for LGBT-owned businesses,” announced they are extending their partnership to support economic opportunities and advancements for LGBTQ+ Americans and business owners across the country.
“Bud Light was brewed to be an ‘Easy to Drink, Easy to Enjoy’ beer for everyone 21+ and that still holds true today,” said Anheuser-Busch in a May 30 press release. “We look forward to extending our work with the NGLCC to continue making a positive impact on the LGBTQ+ businesses that play a critical role in bringing people everywhere, together.”
This year, Bud Light will donate $200,000 to the LGBT Chamber in support of its Communities of Color Initiative, designed to support the growth and success of minority LGBTQ+-owned businesses through certification, scholarships and business development.
Bud Light also donated $200,000 to the LGBT Chamber in 2022.
Bud Light has had stormy weeks since it decided to partner with transgender Dylan Mulvaney, who on TikTok play acts as a teen or pre-teen girl. The partnership ended up costing the company in sales and stock value, as consumers walked away from the brand that had been seen as American as apple pie.
Bud Light maker Anheuser-Busch InBev lost $27 billion in market value after it came out with the Mulvaney partnership. Last week, its stock dropped another 4% and May was the third-worst month for company stock prices, which have suffered a 20% fall since Americans began boycotting the brand.
