The President of Bank of America, Michigan, Matt Elliott joins Chris Holman to talk about the bank’s $1.25 billion commitment to advance racial equality and economic opportunity. In the interview, Matt discusses how the bank has expanded its commitment to advance economic opportunity and racial equality. The bank has made deeper investments in urban areas, for example, the investment in minority-owned banks, and believes strongly in the work of nonprofits.
Watch the full interview now!
Bank of America Increases Commitment to Advance Racial Equality and Economic Opportunity to $1.25 Billion
Expansion will include actions to address racial justice and advocacy for people of Asian descent
Bank of America announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector.
To date, the company has made more than $350 million in various investments from its initial $1 billion four-year commitment, announced in June 2020, across its primary focus areas of health, jobs/reskilling, affordable housing and small business. Additional funds announced today will further support investments to address racial justice, advocacy and equality for people and communities of color, including those of Asian descent…(full article)
{{cta(‘3aee5f9b-f8fa-4fef-b846-f33200dd7b89’)}}
