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Taking action to provide essential resources and support for our communities, clients and teammates

Now as always, our commitment to help strengthen the communities we serve is unwavering. We’re partnering with local leaders and organizations to support economic opportunity for diverse people and communities, assist diverse and women entrepreneurs, build job skills and create opportunities to help people succeed in today’s and tomorrow’s economy. We’re investing in benefits and resources for our employees who serve our clients in their communities. And we’re doing our part to protect our planet.

Our presence in more than 95 local markets helps us make a difference across the country.

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Impact in your area

Learn more about our commitment to strengthen communities.

Supporting economic opportunity for diverse people and communities

We know we must do more to address the very real consequences of racism that exist in society today. The impact on communities across the country is clear.

To drive progress, we’re committed to supporting economic opportunities for diverse people and communities, building on work we’ve had underway for many years. Our actions will help address critical issues and long-term gaps, including skills and job readiness, medical capacity and access, small business support, and affordable housing.

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Supporting economic opportunity for all people inclusive of diverse people and communities

At Bank of America, we have a long-standing commitment to support economic opportunity for diverse people and communities.
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Advancing access to health care

Learn about our new $25 million, four-year initiative to advance health and wellness for under-resourced communities.
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Crowdfunding for Black and Brown women-identifying entrepreneurs

Black Girl Ventures (BGV), an Alexandria, Virginia-based nonprofit, uses crowdfunded pitch competitions to help underrepresented and underfunded entrepreneurs succeed. Learn more about BGV and how support from Bank of America will help BGV's long-term vision to accelerate the success of Black and Brown women entrepreneurs here.

Working together to create jobs

We’re continuing to invest in our local communities to help create jobs and fuel economic opportunity. That’s why we’re partnering with local organizations and other companies to help people get the skills they need and build a growing pipeline of talent for jobs of the future.

Our efforts include our recent $25 million investment in 21 higher education institutions including community colleges, historically Black colleges and universities and Hispanic-serving institutions. Combined with an increased commitment to hiring by major employers, that means more opportunities for more members of our community.

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Creating second chances for aspiring workers

For those facing barriers to a well-paying job, this Central Kentucky organization helps deliver hope, dignity and the promise of a better future.
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Inroads to employment

The Fresno DRIVE initiative helps Central Valley residents with skills training and access to well-paying jobs in the area.
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Education that's transforming lives and communities External link, opens in a new tab

The Academy at Bank of America provides individuals with educational resources to enhance their skills, boost their confidence, grow their business or navigate the job market.

Supporting small businesses

More than 99% of the businesses in the United States employ fewer than 500 people, and historically, these small firms have created two-thirds of America’s net new jobs.

As of May 2021, we’ve provided more than $34 billion in support by funding small business client loans through the Paycheck Protection Program. We’re also providing up to $250 million in capital to Community Development Financial Institution (CDFI) loan funds and CDFI- and minority-owned banks to extend assistance to more small businesses.

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Asian American entrepreneurs: lessons in resilience and recovery

Why many Asian American business owners value the power of family — and the positive impact it has on communities.
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Building an engine of economic growth

Downtown Madison’s new Black Business Hub aims to empower local entrepreneurs — and help close the region’s opportunity gap
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A new recipe for success

The Indianapolis Black Chamber of Commerce is helping up-and-coming restauranteurs by providing space and support in a busy downtown food hall.​

Helping our communities move forward

Throughout our communities, we see families, neighbors, businesses and teammates working together more than ever. To help, we’ve added $100 million to our ongoing support to organizations addressing critical needs. The funds will help increase medical response capacity, focus on vulnerable populations and help address food insecurity.

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Advancing economic mobility for Hispanic healthcare workers in New Mexico

See how we're helping Central New Mexico Community College in training, upskilling and reskilling the local Hispanic healthcare workforce.
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On the path to a permanent home

With its new Spanish-language program, El Camino Homeless Organization is reaching out to the growing number of Hispanic-Latino residents in need of shelter.
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Uncovering critical senior needs in South Carolina

As the number of older residents grows, this Columbia County agency is working to help them stay independent and safe at home.