Mechanical Engineering Design Groupe

Supporting economic opportunity

At Bank of America, we help people, businesses, and local communities pursue opportunities to thrive.

We have worked broadly in these areas for many years. Internally, this is core to being a great place to work, hiring and recruiting the best talent including teammates with diverse backgrounds, perspectives, and skills.

Externally, this is core to our client-driven approach, delivering products and services that meet the needs of clients, and investing our resources to support our local communities.

Construction workers smiling over blueprints

Helping to create jobs and career growth

Access to a quality education and skills training are critical to competing for better jobs. As part of our commitment to supporting economic opportunity, we’ve invested $25 million to advance reskilling and upskilling of students through partnerships with employers, public and private colleges and universities and local community colleges. These partnerships support coursework that directly prepares students for specific job opportunities and long-term family-sustaining jobs.

We also offer online educational resources, like live webinars, to enhance your skills, boost your confidence, grow your business or navigate the job market.

happy family

Expanding homeownership and affordable housing

Access to affordable housing and the ability to purchase a home are foundational to economic prosperity and the building of generational wealth. Our $15 billion Community Homeownership Commitment offers grants to help homebuyers make a down payment and pay closing costs on a home purchase. The program also provides low down payment, fixed-rate loans to new homebuyers. Through this work, we’ve helped over 30,000 individuals and families purchase a home through affordable loans. This is just a start, our goal is to enable 60,000 individuals and families to purchase a home by 2025.

nurse checking baby

Access to healthcare

When communities have greater access to healthcare, they also see lower unemployment rates and higher incomes. That’s why we’ve had a longstanding focus on basic needs addressing the economic and social conditions that influence an individual’s health. This includes local giving across more than 95 markets, a partnership with CVS Health to deliver free flu vaccine, work with Feeding America and local food banks, and supporting mental health initiatives.

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Education & career development resources

Our educational resources and webinars can help you enhance your skills, boost your confidence, grow your business or navigate the job market.
Housing complex in Austin

Working to address affordable housing in Austin

See how we’re working with several organizations in the Greater Austin area to mitigate housing insecurity and finance affordable housing projects.
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A collaborative model for improving community healthcare

San Francisco's largest public hospital has developed a ground-breaking interdisciplinary approach to help patients who deal with both homelessness and mental health issues.