{"id":384883,"date":"2020-11-19T08:03:17","date_gmt":"2020-11-19T13:03:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384883"},"modified":"2020-11-19T08:03:17","modified_gmt":"2020-11-19T13:03:17","slug":"bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/","title":{"rendered":"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative<\/b><\/p>\n<p class=\"bwalignc\"><i>Program Also Includes Partnerships With Major Employers and the Aspen Institute<\/i><\/p>\n<p>CHARLOTTE, N.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAs part of Bank of America\u2019s recent <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/bank-america-announces-four-year-1-billion-commitment-supporting-economic\">$1 billion, four-year commitment<\/a> to advance racial equality and economic opportunity, the company announced today further details about its <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/community-development\/bank-america-directs-300-million-its-1-billion-four-year\">$25 million commitment<\/a> to enhance up-skilling and reskilling for Black and Hispanic-Latino students. Through initial partnerships with 21 higher education institutions including community colleges, historically Black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs), Bank of America is giving $1 million to each of the 21 institutions selected across the U.S. to help students of color successfully complete the education and training necessary to be successful in today\u2019s workforce.\n<\/p>\n<p>\n\u201cCareer opportunities are a critical pillar in addressing the racial wealth gap in our country,\u201d said Bank of America Vice Chairman Anne Finucane. \u201cA meaningful job opportunity goes beyond the paycheck \u2013 it is a pathway to reduce student debt, obtain health care and retirement benefits, and ultimately, build net worth. The collaborative training approach we are taking with this initiative will not only impact the lives of Black and Hispanic-Latino students, but will enable them to make real and meaningful impact in their communities now and in the years ahead.\u201d\n<\/p>\n<p>\nPartner institutions selected so far include:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nArizona State University, Downtown Phoenix Campus \u2013 Phoenix, Ariz.\n<\/li>\n<li>\nAtlanta Technical College \u2013 Atlanta, Ga.\n<\/li>\n<li>\nBaruch College, The City University of New York \u2013 New York City, N.Y.\n<\/li>\n<li>\nCentral Piedmont Community College \u2013 Charlotte, N.C.\n<\/li>\n<li>\nDallas College, El Centro Campus \u2013 Dallas, Texas\n<\/li>\n<li>\nDelaware State University \u2013 Dover, Del.\n<\/li>\n<li>\nFlorida A&amp;M University \u2013 Tallahassee, Fla.\n<\/li>\n<li>\nFlorida International University \u2013 Miami, Fla.\n<\/li>\n<li>\nFlorida State College at Jacksonville \u2013 Jacksonville, Fla.\n<\/li>\n<li>\nHarold Washington College, City Colleges of Chicago \u2013 Chicago, Ill.\n<\/li>\n<li>\nLos Angeles Trade Technical College \u2013 Los Angeles, Calif.\n<\/li>\n<li>\nMiami Dade College \u2013 Miami, Fla.\n<\/li>\n<li>\nMorgan State University \u2013 Baltimore, Md.\n<\/li>\n<li>\nNorth Carolina A&amp;T State University \u2013 Greensboro, N.C.\n<\/li>\n<li>\nNorthern Virginia Community College \u2013 Greater Washington, D.C.\n<\/li>\n<li>\nPima Community College \u2013 Tucson, Ariz.\n<\/li>\n<li>\nPrairie View A&amp;M University \u2013 Greater Houston, Texas\n<\/li>\n<li>\nRiverside City College \u2013 Riverside, Calif.\n<\/li>\n<li>\nSt. Louis Community College \u2013 Greater St. Louis, Mo.\n<\/li>\n<li>\nTennessee State University \u2013 Nashville, Tenn.\n<\/li>\n<li>\nUniversity of Puerto Rico, R\u00edo Piedras Campus \u2013 San Juan, Puerto Rico\n<\/li>\n<\/ul>\n<p>\nEach partner institution will develop or enhance existing programs to meet specific skill gaps in their communities to create higher-paying, family-sustaining jobs that are in demand. Bank of America will work alongside major employers in each selected market to ensure these programs target specific hiring needs and create a clearly defined career pathway to future employment.\n<\/p>\n<p>\nAs part of this initiative, Bank of America is also partnering with and providing funding to the Aspen Institute, which will collaborate with the National Center for Inquiry and Improvement to convene the participating higher education institutions for technical and programmatic assistance and to share best practices.\n<\/p>\n<p>\n\u201cWe\u2019re thrilled to work with Bank of America on this initiative to expand employment pathways for Black and Hispanic-Latino students,\u201d said Dan Porterfield, president and CEO of the Aspen Institute. \u201cBuilding a learning hub for these colleges will create valuable opportunities to enhance career guidance, employer relationships, financial stability, and peer learning for students \u2014 all with the goal of helping connect young people to high-wage jobs and reduce racial income and wealth gaps.\u201d\n<\/p>\n<p>\nToday, less than 40% of community college students earn a certificate or degree within six years of enrollment.<sup>1<\/sup> For students of color, graduation and completion rates are particularly low \u2013 28.8% for Black students and 37.1% for Hispanic students.<sup>2<\/sup> The ongoing challenges stemming from the coronavirus have exacerbated the financial struggle of HBCUs and HSIs, both public and private, as they seek to serve students from the most vulnerable communities.\n<\/p>\n<p>\nBank of America is investing in community colleges, HBCUs, and HSIs in order to increase job opportunities for people of color at a community-based level that will help close the wealth gap and enhance professional career tracks for mid-level candidates.\n<\/p>\n<p>\nRecent Bank of America announcements focused on racial equality, diversity and inclusion, and economic opportunity include:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/content\/newsroom\/press-releases\/2020\/10\/bank-of-america-announces-10-completed-equity-investments-in-min.html\">Ten Completed Equity Investments in Minority Depository Institutions and Community Development Financial Institution Banks<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/corporate-and-financial-news\/bank-america-issues-2-billion-equality-progress\">$2 Billion Equality Progress Sustainability Bond<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/environment\/measuring-stakeholder-capitalism-top-global-companies-take-action\">Universal ESG Reporting<\/a>; International Business Council of World Economic Forum\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/awards-and-recognition\/bank-america-recognized-top-global-bank-fortunes-change-world\">Recognition as Top Global Bank on Fortune\u2019s \u201cChange the World\u201d List<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/community-development\/bank-america-directs-300-million-its-1-billion-four-year\">$300 Million of Its $1 Billion, Four-Year Commitment to Advance Racial Equality and Economic Opportunity<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/corporate-philanthropy\/bank-america-expands-support-boys-girls-clubs-america-1\">Support of Boys &amp; Girls Clubs of America With $1 Million Grant to Support Educational Programs<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/bank-america-announces-four-year-1-billion-commitment-supporting-economic\">$1 Billion\/Four-Year Commitment to Support Economic Opportunity Initiatives<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/press-releases\/consumer-banking\/bank-america-commits-250-million-capital-and-10-million\">$250 Million in Capital and $10 Million in Philanthropic Grants to Community Development Financial Institutions (CDFIs)<\/a><\/li>\n<\/ul>\n<p><sup>[1]<\/sup> (Bailey et al. 2015) &#8211; Bailey, Thomas, Shanna Smith Jaggars, and Davis Jenkins. Redesigning America\u2019s Community Colleges: A Clearer Path to Student Success. Cambridge, Mass.: Harvard University Press, 2015.\n<\/p>\n<p><sup>2<\/sup> Columbia Teachers College \u2013 Community College Research Center \u2013 Community College FAQs: <a rel=\"nofollow\" href=\"https:\/\/ccrc.tc.columbia.edu\/Community-College-FAQs.html\">https:\/\/ccrc.tc.columbia.edu\/Community-College-FAQs.html<\/a>.\n<\/p>\n<p>\nBank of America<br \/>\n<br \/>At Bank of America, we\u2019re guided by a common purpose to help make financial lives better, through the power of every connection. We\u2019re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It\u2019s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at <a rel=\"nofollow\" href=\"https:\/\/about.bankofamerica.com\/en-us\/index.html\">about.bankofamerica.com<\/a>, and connect with us on Twitter (<a rel=\"nofollow\" href=\"https:\/\/www.twitter.com\/BofA_News\">@BofA_News<\/a>).\n<\/p>\n<p>\nFor more Bank of America news, including dividend announcements and other important information, visit the <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\">Bank of America newsroom<\/a> and <a rel=\"nofollow\" href=\"https:\/\/newsroom.bankofamerica.com\/content\/newsroom\/email-subscription-form.html\">register for news email alerts<\/a>.\n<\/p>\n<p class=\"bwalignc\"><span class=\"bwuline\"><b><a rel=\"nofollow\" href=\"http:\/\/www.bankofamerica.com\">www.bankofamerica.com<\/a><\/b><\/span><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119005501r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201119005501\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201119005501\/en\/<\/a><\/span><\/p>\n<p>\nVanessa Cook, Bank of America<br \/>\n<br \/>Phone: 1.980.683.2247<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:vanessa.a.cook@bofa.com\">vanessa.a.cook@bofa.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North Carolina United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Philanthropy Consumer Other Philanthropy Finance Hispanic Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201119005501\/en\/691133\/3\/BAC_logo_%28standard%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative Program Also Includes Partnerships With Major Employers and the Aspen Institute CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211; As part of Bank of America\u2019s recent $1 billion, four-year commitment to advance racial equality and economic opportunity, the company announced today further details about its $25 million commitment to enhance up-skilling and reskilling for Black and Hispanic-Latino students. Through initial partnerships with 21 higher education institutions including community colleges, historically Black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs), Bank of America is giving $1 million to each of the 21 institutions selected across the U.S. to help students of color successfully complete the education &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384883","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative Program Also Includes Partnerships With Major Employers and the Aspen Institute CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211; As part of Bank of America\u2019s recent $1 billion, four-year commitment to advance racial equality and economic opportunity, the company announced today further details about its $25 million commitment to enhance up-skilling and reskilling for Black and Hispanic-Latino students. Through initial partnerships with 21 higher education institutions including community colleges, historically Black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs), Bank of America is giving $1 million to each of the 21 institutions selected across the U.S. to help students of color successfully complete the education &hellip; Continue reading &quot;Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T13:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119005501r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative\",\"datePublished\":\"2020-11-19T13:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/\"},\"wordCount\":1068,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201119005501r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\\\/\",\"name\":\"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative - 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Through initial partnerships with 21 higher education institutions including community colleges, historically Black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs), Bank of America is giving $1 million to each of the 21 institutions selected across the U.S. to help students of color successfully complete the education &hellip; Continue reading \"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-19T13:03:17+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119005501r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative","datePublished":"2020-11-19T13:03:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/"},"wordCount":1068,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201119005501r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-gives-21-higher-education-institutions-1-million-each-as-part-of-recently-announced-25-million-jobs-initiative\/","name":"Bank of America Gives 21 Higher Education Institutions $1 Million Each as Part of Recently Announced $25 Million Jobs Initiative - 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