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Mentoring emerging women leaders through our Global Ambassadors Program

Over the past few years, we’ve seen a dramatic rise in women's entrepreneurship. According to our research, women in the U.S. are starting and growing their own businesses at record rates; they own nearly 13 million businesses; employ over 9 million people; and generate $1.9 trillion in annual revenues, nearly five times the national average.

Despite the progress that has been made, there’s no denying that there’s still work to do. Women continue to face challenges when breaking into business which can include less access to capital, a smaller business network to lean on and continuing to carry more of the caregiving responsibilities at home.


The Global Ambassadors Program

The Global Ambassadors program, developed in 2012 in partnership with Vital Voices, pairs emerging talent across small and medium social businesses and non-profit organizations with senior women executives in various industries for a week of one-on-one, group and peer mentoring.

Participants of the Global Ambassadors Program are tackling some of the world’s most pressing challenges – the climate crisis, gender-based violence, and economic and racial inequalities – all while boosting their local economies and creating a positive social impact in their communities. These women are exceptional in their fields.

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Support in action

Our Global Ambassadors Program is much more than just mentorship. It takes an innovative and immersive approach to training, combining mentorship opportunities with skills training, development workshops and networking events. The Global Ambassadors Program equips emerging women leaders with the business acumen needed to continue to thrive and create a more prosperous world.

Recently, we hosted our 21st Global Ambassadors Program in Washington, D.C., with 20 women social entrepreneurs, business and nonprofit leaders who are at a tipping point in their professional, business and leadership paths - with established women executives for mentorship.

This combination has proved highly successful. Immediately following the program, 70% of mentees expressed increased confidence in their leadership, and more than 90% of mentees updated their strategic business plan and implemented changes to their organization.

We also found that mentees implemented the structures of the Global Ambassadors Program into their own businesses and organizations. Sixty percent of mentees made new connections they can lean on for further support, and 65% of mentees have become mentors to others.

This “ripple effect” in the participants building connections, sharing knowledge and providing support for other women is exactly the kind of engagement we aimed for when we created this program.

Throughout our partnership with Vital Voices, several Bank of America leaders have served as a Global Ambassador, including Chief Human Resources Officer Sheri Bronstein, and Katy Knox, President, The Private Bank.


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