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Bank of America commits $1 billion to combat economic, racial inequalities heightened by pandemic

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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.

Read more from the Phoenix Business Journal.