Updated

Singer and music producer Pharrell Williams is challenging corporate America to “do more” by supporting entrepreneurs of color and adopting economic equity measures.

The Virginian-Pilot reports that in remarks made Monday during the Urban League of Hampton Roads’ annual Martin Luther King Jr.

awards program, Williams said big businesses need to invest in people of color and noted that some of them already are.

“Not all businesses,” Williams added. “The smart ones – the ones that will be here in 50 years.”

Williams singled out the Japanese financial and venture capital group SoftBank. He said the group was investing in founders of color, who could then create generational wealth and change their cities for the better.

Williams also urged businesses and philanthropists to support the Urban League and thanked the local Virginia Beach chapter for its work in financial wellness, health and housing.

The event was livestreamed on Facebook and YouTube because of COVID-19.