Bank of America has committed $1 billion to help local communities address economic and racial inequality accelerated by the pandemic, with an aim to assist people and communities of color that have experienced a greater impact from the health crisis.  

 

“This new multi-year commitment builds on the important work we’ve been doing to assist our communities of color across Ventura and Santa Barbara counties. This work ranges from affordable housing investments with Cabrillo Economic Development Corporation and support for minority microenterprises through Women’s Economic Ventures, to funding paid work internships for first-generation students at CSU Channel Islands and hiring bilingual employees from economically disadvantaged neighborhoods,” said Midge Campbell Thomas, Bank of America market president for Ventura and Santa Barbara.    

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