May 21, 2022

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Consummate Business Technicians

Bank of America Offers 100,000 Small Business Owners Skills-Building Through the Bank of America Institute for Women’s Entrepreneurship at Cornell

According to Lender of The us Personal Lender study, gals in the U.S. are beginning and growing their own corporations at history rates they very own an believed 13 million corporations, or 4 out of every single 10 hire over 9 million people today deliver $1.9 trillion in yearly revenues, almost five occasions the nationwide common and are a catalyst for change.

“We know girls entrepreneurs deficiency the entry to means they need to deal with and scale a effective company – a need to have that is even extra acute for ladies of color,” mentioned Sheri Bronstein, chief human sources officer at Bank of The usa. “We continue to get suggestions from individuals about how the expertise they’ve obtained are propelling them forward – benefiting them, their households, their organizations and workforce and their communities – and we’re thrilled to grow the plan further more to access a lot more ladies little business enterprise owners.”

“Aspiring entrepreneurs who take part in the Lender of The united states Institute for Women’s Entrepreneurship at Cornell are obtaining the best of both equally worlds: finding out from Cornell faculty about the ideas and applications for good results in their new ventures, and encouragement from a developing startup neighborhood that is inclusive and supportive,” explained Martha E. Pollack, president of Cornell College.

The instructor-led courses and minimal course dimensions give gals the opportunity to master new capabilities even though connecting with a lively network of business people and social innovators. By means of coursework that draws on curricula from across Cornell’s colleges, these classes involve Developing Your Enterprise Laying the Legal Making Blocks Evaluating and Obtaining Money Sources Progress Management for Women of all ages Entrepreneurs Item Progress and Electronic Advertising and marketing and Communication, Negotiation and Persuasiveness.

Financial institution of America’s very long-standing partnerships with the Tory Burch Basis, Essential Voices, the Cherie Blair Foundation, Kiva and Cornell College have assisted 75,000 females from much more than 140 nations around the world increase their firms. As part of its journey to provide help to women business owners, the firm not too long ago introduced The Bank of The us Accessibility to Funds Directory, which presents women of all ages-owned enterprises with a significant useful resource to assist them realize the funds landscape. In 2021, the financial institution greater its target for equity investment in minority-focused cash to $350 million, including money to below-represented minority and females business owners.

Lender of America
At Financial institution of America, we are guided by a typical goal to assist make economical life much better, via the electric power of every single connection. We are delivering on this by way of responsible advancement with a concentration on our environmental, social and governance (ESG) management. ESG is embedded across our 8 strains of small business and demonstrates how we aid fuel the international economic climate, construct rely on and credibility, and stand for a corporation that individuals want to work for, devote in and do enterprise with. It can be demonstrated in the inclusive and supportive office we create for our staff, the responsible solutions and companies we give our clientele, and the effects we make close to the entire world in aiding area economies prosper. An critical portion of this function is forming robust partnerships with nonprofits and advocacy teams, this sort of as local community, consumer and environmental businesses, to convey alongside one another our collective networks and know-how to achieve greater influence. Discover far more at about.bankofamerica.com, and join with us on Twitter (@BofA_Information).

For additional Bank of The united states information (NYSE: BAC), together with dividend bulletins and other important details, stop by the Financial institution of The usa newsroom and register for information e-mail alerts.

Reporters could get hold of:
Eliza Murphy, Lender of The usa
Cellphone: 1.347.603.6845
[email protected]

Supply Lender of The usa Corporation