{"id":385266,"date":"2020-11-19T10:03:15","date_gmt":"2020-11-19T15:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385266"},"modified":"2020-11-19T10:03:15","modified_gmt":"2020-11-19T15:03:15","slug":"bank-of-america-expands-the-bank-of-america-institute-for-womens-entrepreneurship-at-cornell","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bank-of-america-expands-the-bank-of-america-institute-for-womens-entrepreneurship-at-cornell\/","title":{"rendered":"Bank of America Expands the Bank of America Institute for Women\u2019s Entrepreneurship at Cornell"},"content":{"rendered":"

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Bank of America Expands the Bank of America Institute for Women\u2019s Entrepreneurship at Cornell<\/b><\/p>\n

Adds 30,000 Seats and Develops Spanish Language Curriculum<\/i><\/p>\n

CHARLOTTE, N.C.–(BUSINESS WIRE<\/a>)–
\nAs part of Bank of America\u2019s $1 billion, four-year commitment to advance racial equality and economic opportunity<\/a>, today \u2013 Women\u2019s Entrepreneurship Day \u2013 the company announced a further expansion of the Bank of America Institute for Women\u2019s Entrepreneurship at Cornell<\/a>. Due to the program\u2019s success, Bank of America will add 30,000 seats \u2013 bringing the total enrollment of small business owners to 50,000 \u2013 and will work with Cornell to develop a Spanish language curriculum and hire Spanish-speaking teaching assistants to more effectively support Hispanic-Latino entrepreneurs.\n<\/p>\n

\nThe Bank of America Institute for Women\u2019s Entrepreneurship at Cornell is the only Ivy League program offering a certificate in women\u2019s entrepreneurship, and at no cost. Since its launch in 2018, the institute has enrolled more than 20,000 individuals, primarily women, of whom 86% identify as women of color. Registration is open to anyone worldwide, regardless of gender, educational background or business stage.\n<\/p>\n

\nAs part of the program expansion, Bank of America will partner with several nonprofits, including the National Urban League, U.S. Hispanic Chamber of Commerce, the National Association for Latino Community Asset Builders and Prospera, to create more enrollment opportunities for Black and Hispanic-Latino entrepreneurs.\n<\/p>\n

\nThe challenges that women entrepreneurs face have multiplied over recent months. According to a recent McKinsey study, while women made up 46% of U.S. employment pre-coronavirus, they account for 54% of overall job losses year to date \u2013 with women of color the hardest hit.\n<\/p>\n

\n\u201cWith women bearing much of the economic brunt of the pandemic \u2013 and particularly women of color \u2013 our further investment in the Bank of America Institute for Women\u2019s Entrepreneurship at Cornell has never felt more important,\u201d said Anne Finucane, vice chairman at Bank of America. \u201cAmid the unforeseen challenges and events this year, we must continue to invest in women entrepreneurs to drive economic growth, because when women-owned businesses thrive, our communities flourish.\u201d\n<\/p>\n

\n\u201cWe at Cornell are extremely proud of the impact the Bank of America Institute for Women\u2019s Entrepreneurship is having on aspiring entrepreneurs,\u201d said Martha E. Pollack, president of Cornell University. \u201cThe institute builds on Cornell\u2019s commitment to the public good and on the strength of our faculty in providing practical, focused, accessible education.\u201d\n<\/p>\n

\nThrough coursework that draws on curricula from across Cornell\u2019s schools, the instructor-led classes and limited class size provide women the opportunity to learn new skills, connect with a vibrant network of entrepreneurs and social innovators, and access the resources they need to manage and scale a successful business. These courses include Creating Your Venture; Laying the Legal Building Blocks; Assessing and Obtaining Financial Resources; Growth Leadership for Women Entrepreneurs; Product Development and Digital Marketing; and Communication, Negotiation and Persuasiveness.\n<\/p>\n

Investing in women<\/b><\/p>\n

\nBank of America\u2019s investment in women as they make meaningful contributions within the company and in communities around the world includes a focus on being a great place to work for its female employees, improving the financial lives of female clients, and advancing women\u2019s economic empowerment worldwide. The company has several long-standing partnerships, through which it has helped more than 30,000 women from 85 countries grow their businesses, including:\n<\/p>\n