As one of the world’s largest companies, we have a unique ability to address some of society’s most critical challenges at scale. We drive Responsible Growth by focusing on our teammates and our clients, managing risk well and ensuring our growth is sustainable. Bank of America uses a community-centered approach, connecting our clients and partners to core products and services, loans, job opportunities and capital to increase financial resilience and help our local communities thrive today and for future generations.
These values are reflected in our long-standing role on issues of racial equality and economic opportunity, including a $15-billion commitment to affordable and sustainable homeownership, our work to provide financial literacy education, and our investments in diverse entrepreneurs to diminish the barriers for underrepresented minority and women entrepreneurs to access capital and educational resources. We’ve also invested $2 billion in community partners that provide capital or serve as depository institutions.
As a resident of Michigan, I am proud that many of these investments and resources also lift up our people, businesses, and communities locally in Detroit and across the state.
But to make an impact on our communities, we must also prioritize our teammates. That means supporting physical, emotional and financial
wellness, and offering opportunities for growth and development. Our focus on being a great place to work and creating a culture that allows for courageous conversations about important issues means that we can make a greater impact on our communities and the world.