{"id":385002,"date":"2020-11-19T08:33:15","date_gmt":"2020-11-19T13:33:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385002"},"modified":"2020-11-19T08:33:15","modified_gmt":"2020-11-19T13:33:15","slug":"bank-of-america-announces-2-65-million-jobs-initiative-for-black-and-hispanic-latino-students-in-texas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-announces-2-65-million-jobs-initiative-for-black-and-hispanic-latino-students-in-texas\/","title":{"rendered":"Bank of America Announces $2.65 Million Jobs Initiative for Black and Hispanic-Latino Students in Texas"},"content":{"rendered":"

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Bank of America Announces $2.65 Million Jobs Initiative for Black and Hispanic-Latino Students in Texas<\/b><\/p>\n

Program Includes Eight Texas Colleges and Universities; 21 Higher Education Partners and Major Employers in Communities Across the U.S.<\/i><\/p>\n

AUSTIN, Texas–(BUSINESS WIRE<\/a>)–
\nMultiple colleges and universities in Texas, including Dallas College-El Centro Campus and Prairie View A&M University, and Bank of America today announced a new multimillion dollar jobs initiative to help students of color complete the education and training necessary to be successful in today\u2019s workforce as part of the bank\u2019s commitment to advancing racial equality and economic opportunity. This initiative builds on Bank of America\u2019s ongoing work in Texas to address the underlying issues facing individuals and communities of color who have been disproportionately impacted by the current health crisis.\n<\/p>\n

\u201c<\/span>Advancing economic mobility through education and workforce training is a priority for Bank of America in Texas and across the country,\u201d said Jennifer Chandler, Dallas market president for Bank of America. \u201cCreating meaningful career opportunities that include a pathway to reducing student debt, obtaining health care and retirement benefits will ultimately help Black and Hispanic-Latino students build net worth, help their families, and have ripple effects across our communities and greater economy.\u201d\n<\/p>\n

\nDallas College-El Centro Campus and Prairie View A&M University are each receiving $1 million as part of the bank\u2019s $25 million, nationwide initiative<\/a> with partnerships at 21 higher education institutions, including community colleges, historically Black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs). Bank of America is also partnering with and providing funding to the Aspen Institute to convene the participating higher education institutions for technical and programmatic assistance and to share best practices.\n<\/p>\n

\n\u201cThe current times have been very challenging and disruptive for our students, often causing them to question whether they can continue their studies,\u201d said Dr. Ruth Simmons, president, Prairie View A&M University. \u201cEfforts by Bank of America to encourage their persistence and ambition are very much needed and will create a pathway for many to remain enrolled and complete their education. We are grateful for the timeliness and generosity of these actions.\u201d\n<\/p>\n

\nAdditionally, the bank has expanded its support of higher education institutions across the state by providing incremental funding to:\n<\/p>\n