Bank of America Announces $182,500 Funding to Boost Local Workforce Skills

PROVIDENCE – Bank of America today announced $182,500 in grants, to be distributed to 15 nonprofits working to increase educational and workforce development opportunities in the Rhode Island community.

The nonprofits receiving support focus on connecting youth and adults, including the unemployed and underserved, to workforce opportunities and education and skills-building. Funding will help individuals living in low-income neighborhoods, who are disproportionately impacted by unemployment and other barriers to workforce participation, access opportunities that will advance long-term sustainable growth in Rhode Island.

“Investing in our workforce is one of the ways we are addressing issues fundamentally connected to economic mobility,” said Bill Hatfield, Rhode Island market president, Bank of America. “These organizations are working hard to help build a thriving economy and stronger community here in Rhode Island.”

Nonprofits receiving grants include:

· Boys and Girls Club of Pawtucket

· City Year Providence

· College Crusade of Rhode Island

· College Visions

· Dorcas International Institute of Rhode Island Incorporated

· Genesis Center

· Junior Achievement of Rhode Island

· OIC of Rhode Island, Inc.

· Providence After School Alliance Inc.

· Providence Public Library

· Read to Succeed Inc.

· Rhode Island Philharmonic Orchestra & Music School

· Stadium Theatre Foundation

· Teach for American Inc.

· Year Up Inc.

These grants are part of Bank of America’s commitment to responsible growth as it works to improve the financial lives of individuals and families in Rhode Island. Philanthropic and volunteer investments play a key role in this effort.

About Bank of America Environmental, Social and Governance

At Bank of America, we are focused on Environmental, Social and Governance (ESG) factors as critical to fulfilling our core purpose of making people’s financial lives better. A commitment to growing our business responsibly is embedded in every aspect of our company, from our policies and practices to our services, products, governance and employee benefits. An important part of that commitment is forming strong partnerships across sectors, including nonprofit organizations serving community needs, bringing our collective networks and expertise to achieve greater impact. We’re proud of our employees’ volunteer efforts, support of diversity and inclusion, and environmental and social responsibility. Across our company, we’re focused on simplifying banking and investing, advancing better money habits and making an impact in communities around the world.

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