Mayors Business Council


Bank of America

Summary:
Bank of America's support of communities through philanthropy, volunteerism, environmental initiatives, community development lending and responsible corporate practices is an investment in its long-term success as a business. Today, the bank is delivering on three significant goals over the next 10 years to improve the economic health and vitality of the communities it serves: a $1.5 trillion community development lending and investing goal focused on affordable housing, small business growth and other economic development initiatives; a philanthropic goal to invest $2 billion in charitable organizations committed to strengthening neighborhoods; and a $20 billion environmental initiative to address the issue of climate change. From promoting home ownership and retention through responsible lending and investing to fostering the new green economy and providing access to educational, leadership, arts and cultural opportunities, Bank of America recognizes that healthy communities are important to all stakeholders and the company's bottom line. As a result, the bank works closely with community leaders to implement relative programs including the U.S. Conference of Mayors’ DollarWi$e Campaign to promote financial literacy in cities across the U.S.

The Bank of America Local Market Delivery team also partners with the Mayors on a variety of issues including market growth, transit, social issues and more. For additional information about Bank of America's commitment to communities, visit www.bankofamerica.com/foundation.

Special Interests:
City Livability, Community Development, Credit/Debt Rating, Debt Management, Economic Development, Economic Policy, Environment, Financial Management, Homeland Security, Housing, Minority Issues, Municipal Bond Counsel, Neighborhood Redevelopment, Pension Issues, Public Financing, Small Business Development, Tax Legislation

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