Bank of America Corp. is committing $1 billion to address economic and social disparities heightened during the Covid-19 pandemic.
The Charlotte-based financial services giant announced the four-year commitment this week. It will address four areas: job training, health, small businesses and housing.
BofA is focusing on minority communities that face a greater impact from Covid-19 and its aftermath.
The $1 billion accelerates work on the economic mobility and workforce development programs that BofA already supports.