Jeffrey Mosher welcomes Ed Siaje, president, Bank of America Detroit.

Hear Ed and Jeffrey discuss workforce investments, healthcare talent, and expanding career opportunities across Metro Detroit, in the SoundCloud podcast shared below:

Jeffrey looked to find out several things from Ed:

• Why is workforce development such an important priority for Bank of America in Metro Detroit right now?
   
• Bank of America is investing more than $1.5 million in Metro Detroit this year. What do you want these investments to accomplish for employers, workers, and the regional economy?
   
• The Healthcare Talent Collaborative is receiving a $75,000 grant. What made this partnership and the healthcare talent pipeline an important area for Bank of America to support?
   
• The region is working to connect people with better career opportunities while also helping employers find the talent they need. What are you seeing in the workforce today that makes this approach so important?
   
• Looking ahead, what would success look like for Bank of America and its community partners as these workforce investments begin to make an impact across Metro Detroit?

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Bank of America Invests More Than $1.5 Million in Metro Detroit for Workforce Development in 2026

Key points

· Grants to more than 20 Detroit-area partners over the past two years supported programs that helped create new jobs and develop leadership skills

· BofA’s local investment of nearly $2.9 million over the past two years included grants to key partners, including the Detroit Regional Chamber Foundation, Grow Detroit’s Young Talent, YearUp, The Greening of Detroit, SER Metro-Detroit, NPower Inc. Michigan, and Goodwill Industries of Greater Detroit

· Nationally, BofA has invested roughly $40 million in workforce development, partnering with more than 100 universities and community colleges and over 600 nonprofit partners across all U.S. markets

DETROIT, MI — September is Workforce Development Month and in recognition Bank of America is highlighting its nearly $2 million investment over the past two years in workforce development programs in Metro Detroit, including its recent grant to the Detroit Regional Chamber’s Healthcare Talent Collaborative to help grow the region’s healthcare workforce and talent pipeline.

The bank awarded a $75,000 grant to support the Healthcare Talent Collaborative’s Chamber’s TalentEd program, an employer-led initiative with a network of leading health systems, including Henry Ford Health, Corewell Health, and Trinity Health, alongside partners in education, workforce development, and community organizations working to educate residents about and connect them to high-quality healthcare careers.

This grant is among more than $1.4 million in grants awarded to 27 local partners in support of programs that create new jobs and develop leadership skills in Metro Detroit over the past two years:

· The Detroit Regional Chamber Foundation grant will help support a new Henry Ford Health Respiratory Therapy Training program that is expected to launch in January 2027;

· Grow Detroit’s Young Talent and SER Metro-Detroit each received $75,000 grants, supporting education, job training and job placement programs;

· The Greening of Detroit received a $50,000 grant, supporting workforce training and employment opportunities for more than 200 participants; and

· Year Up United in Detroit trains local students to transition from paid internships with Bank of America to full-time roles.

Overall, Bank of America has invested nearly $40 million in workforce development initiatives, partnering with more than 100 universities and community colleges and over 600 nonprofit partners across all its U.S. markets.

“By supporting workforce development in our communities, we help to ensure a pipeline of skilled workers for area employers and provide assistance in training for the next generation of talent,” said Ed Siaje, President, Bank of America Detroit. “Working with local nonprofit organizations and universities are critical aspects of facilitating economic growth for Detroit and the entire Metro Detroit region.”

Nationally, nonprofit partners estimate the bank’s investments in 2025 have contributed to approximately 86,400 individuals getting connected to livable wage jobs and providing 265,000 people with access to training, education and career readiness programs designed to position them for long term career success. These partnerships and investments are central to Bank of America’s broader workforce development priorities, which emphasize skills first hiring and aligning training opportunities with market needs. More than 70 nonprofit organizations receiving Bank of America support will also take part in leadership training designed to strengthen organizational capacity and help these partners scale their impact through BofA’s Neighborhood Builders® program. Bank of America’s commitment to workforce development is part of its broader mission to fuel economic mobility and strengthen communities nationwide.

Frequently asked questions

Question: Nationally, how much did Bank of America invest in workforce development in 2025?

Answer: Bank of America invested nearly $40 million nationally.

Question: How much did Bank of America invest in the workforce development initiatives in Metro Detroit over the past two years?

Answer: Bank of America invested more than $1.5 million in Metro Detroit in income creation programs and nearly $800,000 in workforce development programs.

Question: What nonprofits and initiatives were the key partners and recipients of Bank of America’s support?

Answer: Bank of America supported 27 local nonprofits, including The Greening of Detroit, a nonprofit focused on enhancing the quality of life for Detroiters through tree planting, job training and environmental education; SER Metro-Detroit, a community-based nonprofit providing education, job training and job placement programs; and Grow Detroit’s Young Talent (GDYT), a citywide initiative that prepares young people for the workforce through paid summer employment and career readiness training.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users.

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately four million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.