Since its launch in 2018, the Bank of America Institute for Women’s Entrepreneurship has Crow recruited 50,000 people from the United States and 120 other countries, primarily women, 90% of whom identify as women of color. Registration is open to anyone worldwide, regardless of gender, education or professional stage, and constitutes the only Ivy League program offering a free certificate in women’s entrepreneurship.
According to Bank of America Private Banking Research, women in the United States are starting and growing their own businesses at a record rate; they own about 13 million businesses, or four out of ten; employs more than 9 million people; generate $1.9 trillion in annual income, almost five times the national average; and are a catalyst for change.
“We know that women entrepreneurs lack access to the resources they need to run and grow a successful business – a need even more acute for women of color,” said Sheri Bronstein, director of human resources at Bank of America. “We continue to receive feedback from participants on how the skills they have learned are propelling them forward – benefiting them, their families, their businesses, their employees and their communities – and We are excited to further expand the program to reach more petite women. business owners.”
“Budding entrepreneurs who participate in the Bank of America Institute for Women’s Entrepreneurship at Crow enjoy the best of both worlds: learn from Crow professors on the concepts and tools needed to make their new ventures successful, as well as the encouragement of a growing, inclusive and supportive startup community,” said Martha E. Pollackpresident of Cornell University.
Instructor-led courses and limited class sizes offer women the opportunity to learn new skills while connecting to a dynamic network of entrepreneurs and social innovators. With courses that draw on curricula from everywhere Cornell’s schools, these lessons include starting your business; Lay the legal foundations; Evaluate and obtain financial resources; Growth leadership for women entrepreneurs; Product development and digital marketing; and Communication, negotiation and persuasion skills.
Bank of America’s long-standing partnerships with the Tory Burch Foundation, Vital Voices, Cherie Blair Foundation, Kiva and Cornell University have helped 75,000 women from over 140 countries grow their businesses. As part of its approach to assisting women entrepreneurs, the company recently launched Bank of America Capital Access Directory, which provides women-owned businesses with an important resource to help them understand the financial landscape. In 2021, the bank increased its equity investment target in minority-focused funds to $350 millionincluding capital for underrepresented minorities and women entrepreneurs.
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SOURCE Bank of America Corporation
