Bank of America pledges $40M toward youth skill development

Oakland : Bank of America announced a $40 million commitment to funding for skill development programs fro youth, nationwide. The programs are geared to connect 100,000 teens and young adults to training and first-time employment experiences.

The bank has partnered with nonprofit organizations across the country to fund summer internships, education and job training, and support diverse talent to help strengthen tomorrow’s workforce.

“Investing in young adults to help provide them the opportunities they need to build their career skills makes a meaningful impact in their lives and the lives of our communities,” Brian Moynihan, chairman and CEO, Bank of America, said in a statement.

Over the course of the next three years, through the Bank of America Charitable Foundation, the $40 million commitment will support partnerships with local and national nonprofit organizations including Urban Alliance, Jobs for the Future, and Boys and Girls Clubs of America.

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