4 HARTFORDBUSINESS.COM | NOVEMBER 29, 2021
Partnering to help create opportunities
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BankofAmerica, N.A. Member FDIC. Equal Housing Lender © 2021 BankofAmerica Corporation. All rights reserved.
Joe Gianni
President, Bank of America Greater Hartford
Last year, BankofAmerica committed $1.25 billion over five years to advance racial equality and economic opportunity. To date, we've
directly funded or invested one-third of this amount on top of long-standing efforts to make an impact in our communities and address
society's greatest challenges.
Here are some of the ways we're working to make a difference:
• Investing $300 million in 100 minority-owned and minority-led equity funds for diverse entrepreneurs and small business owners,
helping them create more jobs, financial stability and growth.
• Investing $36 million in 21 Minority Depository Institutions (MDIs) and Community Development Financial Institution (CDFI) banks that
support minority-owned businesses, building pathways to economic vitality in our local markets. This is in addition to approximately
$100 million in deposits to MDIs and our existing CDFI portfolio of more than $2 billion.
• Providing funding and support through innovative programs and partnerships with community colleges, universities and nonprofits that
offer training and credentialing programs connecting more people to high-wage, in-demand careers.
We're doing this work in collaboration with community partners, business leaders, experts and academics across the public and private
sectors to ensure that our investments are directed where they're needed most. Together, we can help drive sustainable progress in
Greater Hartford.
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