(Bloomberg) — Boston Celtics guard Jaylen Brown is starting his quest to recreate Black Wall Street in Boston.

Brown, 27, is launching Boston XChange, a nonprofit that plans to build generational wealth and cultural innovation in black and brown communities.

Brown is partnered with Harvard Business School, Roxbury Community College and teammate Jrue Holiday's JLH Fund to provide up to $250,000 in total grant investment. As part of the offer, grantees will receive three years of coaching and mentoring.

“To be able to provide access to capital, to create sustainability and culturally competent initiatives, all of these insights have informed how we create this program for Boston,” Brown said in a Zoom interview.

Brown has said that he wants to use his platform to create a modern version of Black Wall Street, a black community in Tulsa, Oklahoma that was one of the nation's wealthiest in the early 20th century. In 1921, it was BURNEDwith hundreds of black Tulsans killed and thousands left homeless.

The member of the 2024 NBA Championship winning team said he chose Boston because of the wealth disparity. A 2015 Federal Reserve Bank of Boston study found that the median net worth for white households in Greater Boston was $250,000 while for black US households, it was just $8.

A more recent study by McKinsey & Co. said he will take three centuries for black Americans to achieve the same quality of life as their white neighbors, as the racial gap widened in more than half the country in the past decade.

The Celtics guard said he has also had conversations with other NBA players and owners about supporting Boston XChange.

“Being able to partner with people who have high influence in other countries can make it more influential,” he said.

Brown, a native of Georgia, has earned $132 million during his nine-year NBA career. A five-year, $285 million contract he signed last year will begin next season. When the deal is completed, he will have earned $416 million.