Bank of America Expands the Bank of America Institute for Women’s Entrepreneurship at Cornell
Adds 30,000 Seats and Develops Spanish Language Curriculum
As part of the program expansion,
The challenges that women entrepreneurs face have multiplied over recent months. According to a recent McKinsey study, while women made up 46% of
“With women bearing much of the economic brunt of the pandemic – and particularly women of color – our further investment in the
“We at Cornell are extremely proud of the impact the
Through coursework that draws on curricula from across Cornell’s schools, the instructor-led classes and limited class size provide women the opportunity to learn new skills, connect with a vibrant network of entrepreneurs and social innovators, and access the resources they need to manage and scale a successful business. These courses include Creating Your Venture; Laying the Legal
Investing in women
Bank of America’s investment in women as they make meaningful contributions within the company and in communities around the world includes a focus on being a great place to work for its female employees, improving the financial lives of female clients, and advancing women’s economic empowerment worldwide. The company has several long-standing partnerships, through which it has helped more than 30,000 women from 85 countries grow their businesses, including:
Tory Burch Foundation Capital Program: Since 2014,
Bank of Americahas committed $100 millionin capital to the Tory Burch Foundation Capital Program, helping women business owners gain access to affordable loans. To date, more than 3,400 women have received nearly $57 millionin loans through community development financial institutions (CDFIs) to help them grow their businesses.
Global Ambassadors Program: A partnership between
Bank of America and Vital Voices, the Global Ambassadors Program pairs women entrepreneurs with senior women executives for a week of one-on-one mentorship and workshops designed to build business acumen. To date, the program has impacted more than 400 women from 85 countries – helping mentees grow their businesses and organizations through more than 8,000 hours of training and mentorship.
Cherie Blair Foundation: Since 2013, Bank of Americahas partnered with the Cherie Blair Foundationon its Mentoring Women in Business program, which has matched more than 2,700 women in developing and emerging countries to online mentors, including more than 500 mentors from Bank of America.
Kiva: Through a partnership with Kiva, Bank of Americahas committed more than $2 millionin funds to women business owners, assisting more than 17,200 women entrepreneurs from 45 countries.
- Ten Completed Equity Investments in Minority Depository Institutions and Community Development Financial Institution Banks
$2 BillionEquality Progress Sustainability Bond
Universal ESG Reporting;
International Business Council of World Economic Forum
Top Global Bankon Fortune’s “Change the World” List
$300 Millionof Its $1 Billion, Four-Year Commitment to Advance Racial Equality and Economic Opportunity
Boys & Girls Clubs of America With$1 Million Grantto Support Educational Programs
Bank of America Commits $100,000to Athena Allianceto Support Underrepresented Women
$1 Billion/Four-Year Commitment to Support Economic Opportunity Initiatives
$250 Millionin Capital and $10 Millionin Philanthropic Grants to Community Development Financial Institutions (CDFIs)
Eliza Murphy, Bank of America