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

Posted at 8:48 AM, Jun 08, 2020
and last updated 2020-06-08 11:48:11-04

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.