Bank of America to launch new center for Black entrepreneurship at Morehouse, Spelman – Atlanta, Georgia

Atlanta, Georgia 2021-02-23 10:49:55 –

In the file photo on Friday, April 12, 2019, people enter the Morehouse College campus in Atlanta. (AP photo / Mike Stewart)

The Black Economic Alliance Foundation, Morehouse College, Spellman College and Bank of America announce plans to develop the Black Entrepreneurship Center, the first academic center to bring, educate and empower new classes of black entrepreneurial talent. did.

The Center for Black Entrepreneurship, co-located on the Morehouse and Spellman campuses, is funded by the Bank of America for $ 10 million and offers academic curriculum development, faculty recruitment, collaborative curriculum programming, and new physics. Space.

Dr. David A. Thomas, President of Morehouse, said: College. “The Black Entrepreneurship Center is a minority-owned company that gains access to capital, creates jobs, leverages technology, and develops products and services that improve our standard of living, and now or in the future. All that adds an important ability to support working with entrepreneurs.

“We are proud to partner with Spellman College, the Black Economic Alliance and Bank of America to educate and strengthen change-leading entrepreneurs,” said Thomas.

CBE aims to remove barriers between black entrepreneurs, professional investors, and business builders by leveraging education, mentorship, access to capital, and opportunities. The money comes from Bank of America’s $ 1 billion, four-year effort to promote racial equality and economic opportunities. This includes a focus on supporting minority entrepreneurs, education, work, health and housing.

“Thanks to Bank of America for this $ 5 million gift to Morehouse College,” said Monique Dozier, vice president of Morehouse’s Institutional Progress Office. “Many of our scholars come to us with entrepreneurship or business experience. Morehouse is a nationally acclaimed Fortune 500 company that guides students into their careers. We have business programs, but no entrepreneurship major. This contribution expands our offerings to meet the needs of students who want to create businesses and jobs in the color community and achieve personal prosperity. can do.”

Wendistwart, Atlanta Market President of Bank of America, said: “Morehouse and Spellman are the leading liberal arts colleges in the United States, primarily serving the black community, and have the highest social mobility rates in the country. Partnerships with these historic institutions are final. Helps create financial opportunities for the next generation of entrepreneurs who create jobs in Atlanta. “

Bank of America to launch new center for Black entrepreneurship at Morehouse, Spelman Source link Bank of America to launch new center for Black entrepreneurship at Morehouse, Spelman

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