Committed to Providing Resources & Support Local Communities

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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Learn more about our commitment to strengthen 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.

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.

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.

See all stories Supporting diverse people & communities

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.

Inroads to employment

The Fresno DRIVE initiative helps Central Valley residents with skills training and access to well-paying jobs in the area.

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.

See all stories on Creating access to jobs

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.