TARGET PARTNERS WITH ACE TO SUPPORT THE POWER OF ENTREPRENEURIAL ACTION

Toronto, ON (October 23, 2012) – The Advancing Canadian Entrepreneurship (ACE) Board of Directors is pleased to announce Target as the most recent addition to the list of ACE National Investors. Target’s investment supports a community of students, academic and business leaders committed to using the power of entrepreneurial action to transform lives and shape a better, more sustainable world.

Target has a strong legacy of responsible corporate citizenship, ethical business practices, environmental stewardship and generous community support. Since 1946, the corporation has given five percent of its profit to communities through grants and a variety of programs. Today, that giving equals more than $3 million a week, largely directed towards supporting education.

“ACE is very pleased to welcome Target to Canada, and to the ACE network as we share the belief that being a good corporate citizen involves giving back to our communities,” says Nicole Almond, President of ACE. “Thanks to the support of donors like Target, our students are contributing to economic, social and environmental community development, while also discovering their potential as the leaders of tomorrow.”

Target’s commitment to the ACE network will contribute significantly to the Enactus program, which empowers students to apply business concepts learned in the classroom and develop community outreach projects that improve the quality of life and standard of living for people in need.

Target joins a diverse list of over 40 leading corporations, foundations and generous individual donors advancing the mission of ACE to teach and ignite young Canadians to create brighter futures for themselves and their communities.

-30-

 

About Target: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/hereforgood.