FOR IMMEDIATE RELEASE

NOVEMBER 19, 2020

CONTACT:
Tom Rottcher, Bank of America, 1.973.590.7660
thomas.f.rottcher@bofa.com

Ellen Ganley, WCAC Director of Development 508.762.9807
EGanley@wcac.net
Bank of America Names WCAC a Neighborhood Champion
in recognition of work to advance economic mobility in Worcester area

Program Provides $50,000 in Grant Support and
Opportunity for Virtual Leadership Training
WORCESTER— Bank of America today announced the Worcester Community Action Council, Inc. as a Neighborhood Champion, a recognition that includes both grant funding and leadership training. The Neighborhood Champions program supports the role strong nonprofit leaders play in advancing economic mobility, and is an extension of the bank’s signature philanthropic initiative, Neighborhood Builders®, the largest corporate philanthropic investment in nonprofit leadership in the country. Alongside Worcester, the bank will bring the program to over 40 additional communities across the U.S. this fall as part of its commitment to investing in the long-term health of communities.

As part of the program, the Worcester Community Action Council will receive $50,000 in grant support and an opportunity for engagement in virtual leadership training delivered by experts in the nonprofit sector. The Worcester Community Action Council’s mission is helping people in the city of Worcester and 45 surrounding communities move to economic self-sufficiency through programs, partnerships and advocacy.

“As we consider many of the challenges that our communities are facing – from the health and humanitarian crisis brought on by COVID-19 to the need for progress on racial equality and economic opportunity – the Neighborhood Champions program is a relevant and timely initiative to support the communities we serve,” said Edwin Shea, Market President, Bank of America in Central Massachusetts. “This program enables partners like the Worcester Community Action Council to plan strategically for growth and long-term sustainability, and we look forward to seeing how this investment helps them make even greater strides to address their mission.”

The Neighborhood Champions program is invitation-only for nonprofits who are poised to take their work to the next level. Leading members of the community participated in a collaborative selection process to identify this year’s awardee. Examples of the topics for the virtual leadership training awarded include human capital management, increasing financial sustainability, and storytelling.

“These resources will be critical in helping WCAC further our mission in supporting the financial stability of our community members,” said WCAC Executive Director Marybeth Campbell. “We are thrilled to have been designated a Neighborhood Champion and greatly appreciate Bank of America’s support to expand both our financial empowerment services and community partnerships. We likewise look forward to the opportunity to support our staff’s leadership skills development.”

Since the program’s inception last year, Bank of America has invested $4.2 million in 84 organizations within 42 communities through the Neighborhood Champions program. The Neighborhood Champions program in Worcester will strengthen the bank’s commitment to advancing economic mobility and nonprofit leadership.

Recent Bank of America announcements focused on advancing economic mobility include:
·        Universal ESG Reporting; International Business Council of World Economic Forum.

About WCAC

Since 1965, the Worcester Community Action Council has served as the federally designated anti-poverty agency for central and southern Worcester County, with a mission of helping people move to economic self-sufficiency through programs, partnerships and advocacy.

Serving the City of Worcester and 45 neighboring communities of Auburn, Blackstone, Boylston, Brimfield, Brookfield, Charlton, Clinton, Douglas, Dudley, East Brookfield, Hardwick, Holden, Holland, Hopedale, Hubbardston, Grafton, Leicester, Mendon, Milford, Millbury, Millville, Monson, New Braintree, North Brookfield, Northborough, Northbridge, Palmer, Oakham, Oxford, Paxton, Rutland, Shrewsbury, Southbridge, Spencer, Sterling, Sturbridge, Sutton, Upton, Uxbridge, Wales, Warren, Webster, West Boylston, West Brookfield and Westborough. 


About Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
                                               
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email alerts.

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