Hard at Work in California
Bank of America began serving California nearly 140 years ago, starting with the Security Pacific Bank in Los Angeles and Bank of Italy in San Francisco. Bank of Italy was founded in San Francisco in 1904 by A.P. Giannini, who believed in the power of capital to change people’s lives for the better. After the 1906 earthquake, he famously loaned money on a handshake to anyone who promised to rebuild. Security Pacific Bank’s many contributions include helping secure locations for several major universities in southern California. Today, Bank of America provides services to half of all American households and lends billions of dollars to help spur economic growth.
Over the last 40 years, women-owned businesses have become an increasingly important part of the U.S. economy, growing from 5 percent to 30 percent of all businesses. These enterprises generate trillions of dollars in economic activity and revitalize communities by providing tens of millions of jobs, yet women entrepreneurs still face significant obstacles, including equitable access to capital and business networks… learn More about Elizabeth Street Capital
Dec 25, 2013
IN THE NEWS (The New York Times): Long considered San Francisco’s little brother — or maybe its punk cousin — Oakland has struggled with negative perceptions wrought by crime, protests and a mediocre football team… learn More about Another City By The Bay Comes Into Its Own
Aug 18, 2013
IN THE NEWS (The New York Times): LOS ANGELES — When Juan Romero was a boy in the 1980s, people talked about his neighborhood, Boyle Heights, as a place to escape. The area was besieged by gangs, public schools were struggling, and a vast majority of residents were barely above the poverty line… learn More about Los Angeles Neighborhood Tries To Change, But Avoid The Pitfalls
Sep 30, 2013
IN THE NEWS (Los Angeles Daily News): She once wore Army-issue green, then earned the rank of E-3 seaman in the U.S. Navy. But when Serwa Scorza left the uniform, insignia and base behind for civilian life, she fell out of step and lost her footing. By the time she moved to Los Angeles, Scorza's marriage had dissolved and she struggled to balance work, school and single motherhood. Homelessness came next. "For the longest time, I couldn't get stable," Scorza, 36, said one recent day… learn More about L.A. Program Targets Homeless Women Vets
Oct 22, 2013
IN THE NEWS (The Huffington Post): Jon Soltz served in the Army in Kosovo and Iraq. In 2011, he was one of the last troops to leave the country. Upon his return home that year — his second tour of Iraq — fishing became an important part of his life… learn More about Veterans Join Efforts To Protect Rivers And Wild Lands In The Los Padres...
*Over $20.7 million in nonprofit support for California in 2012.