of America today announced it will award $127,000 to 16 nonprofits working to increase educational and workforce development opportunities in Hampton Roads.
Hampton Roads, VA – Bank of America today announced it will award $127,000 to 16 nonprofits working to increase educational and workforce development opportunities in Hampton Roads. The nonprofits receiving support focus on connecting youth and adults, including the unemployed and underserved, to skill-building, education and job opportunities.
“According to recent data, 15.2% of Hampton Roads residents live in poverty, more than the state average of 11.3%,” said Charlie Henderson, Hampton Roads Market President, Bank of America. ”By partnering with organizations like Opportunity Inc., Hampton Roads’ Workforce Development Board, we’re connecting young people in the community to opportunities that can prepare them to lead more financially secure lives.”
Opportunity Inc., the Regional Convener of Workforce Development, one of the nonprofits receiving a grant, will use the funding to help operate their Youth Career Center. The Center provides workplace readiness training, mentoring opportunities, career exploration, and job preparation, while also emphasizing financial literacy education to youth and young adults ages 14-24.
“We applaud Bank of America’s commitment to the region, and appreciate their continued partnership as we work to provide strategic solutions that will improve outcomes for job seekers and employers,” said Shawn Avery, President & CEO, Opportunity Inc. “We look forward to utilizing this contribution to further enhance our Youth Career Center and support the emerging workforce in Hampton Roads.”
Other organizations receiving grants include:
Access College Foundation, An Achievable Dream, Big Brothers & Big Sisters Services, Chesapeake Services Systems, Communities In Schools of Hampton Roads (CIS), Girl Scouts of the Colonial Coast, Governors Magnet School For The Arts Foundation, Hampton University, Horizons Hampton Roads, Hampton Roads Educational Telecommunications Association (HRETA), Nauticus Foundation, Rita Welsh Adult Literacy Program, Inc., Thomas Nelson Community College, Tidewater Community College Educational Foundation, and United Way of South Hampton Roads.
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 Hampton Roads.
Bank of America
At Bank of America, corporate social responsibility (CSR) is 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. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BofA_News.