MANATEE-SARASOTA, FL (July 23, 2013) – Bank of America has awarded $20,000 to CareerEdge to support workforce solutions programs in the region. CareerEdge is a nonprofit collaborative whose mission is to provide an exceptional labor force to the Manatee-Sarasota region’s growing industries by leveraging community assets and forming high-performing workforce partnerships.
CareerEdge reported successes this quarter in job creation and job-readiness development, and Bank of America responded by awarding $20,000 following a grant request made earlier this year.
“A skilled workforce is important to the strength of a community,” said Bank of America Sarasota President Ed Luecke. “We are proud to have awarded $135,000 in recent years to CareerEdge to support their efforts preparing local workers for successful careers.”
A chief goal of the Bank of America funding is to provide opportunities for unemployed and low-skilled workers to progress in their careers. One CareerEdge program through which this goal is achieved is Bridges to Careers for Low-Skilled Workers, a unique and transformative job-readiness program. In addition, CareerEdge funds incentivize companies to train incumbent workers and develop career pathways to increase the skills of their employees. The Bank of America grant award will help fund these operations, as well as capacity building and workforce training development programs.
CareerEdge Executive Director Nathalie deWolf says, “Bank of America continues to support our work to create jobs and help low-skilled workers improve their career paths and therefore their lives. By leveraging the generous donations of our funders, we are able to provide training and job opportunities that otherwise would not be available.”
As of March 2013, CareerEdge had served 1,846 workers in the region’s healthcare and manufacturing sectors and through its Bridges to Careers program. Those figures include 390 job-seekers and 1,456 incumbent workers served,resulting in more than 230 promotions, 920 wage increases, and 300 job placements.
A separate impact analysis conducted by Urban Market Ventures indicated that the regional economy has benefitted extensively from CareerEdge’s intervention. The analysis showed that CareerEdge’s first two-year training investments of $1.54 million had resulted in $14.5 million in new wages brought into the Gulf Coast region.
About Bank of America Corporate Social Responsibility
Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in a socially, economically, financially and environmentally responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have several core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on housing, hunger and jobs; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BofA_Community.