Empowering People
& Revitalizing the Community

Bank of America Charitable Foundation Awards $30,000 Grant to LAEDA

Posted on 8/2/2016 by EDTP Coordinator in LAEDA News

Camden, NJ (June 2016) - Latin American Economic Development Association (LAEDA) received a grant of $30,000 from the Bank of America Charitable Foundation as part of a national initiative to help connect the unemployed, underemployed, veterans, youth and those with disabilities to training and employment opportunities.

LAEDA is dedicated to the creation of small business ownership opportunities for minorities and the growth and success of small businesses. The funding will be used to expand the LAEDA Business Services Center (LBSC) and the Entrepreneurial Development Training Program (EDTP), extending the impact of these resources to reach expand its services throughout South Jersey.  

The grant will help LAEDA host business education seminars in the form of its EDTP Quick Start Series program throughout South Jersey. The ultimate goal of the effort is to expand LAEDA’s programs outside of Camden, effectively increasing its reach to more Latino-owned businesses and its impact in the region. 

“LAEDA is proud of its 29-year history here in Camden.  The secret of our success is our commitment to a grassroots approach to entrepreneurship and business development,” said Lamboy. “The resources Bank of America provided through this grant will go a long way towards our reaching more individuals in diverse communities in South Jersey.” 
“The math is simple – the more entrepreneurs and small business owners LAEDA can reach, the bigger the economic impact here in New Jersey,” said Bob Doherty, New Jersey president, Bank of America. “Given the organization’s track record and desire to expand, we know these funds will be put to good use.”  
The Bank of America Charitable Foundation is awarding grants to nonprofits across the country that support workforce development and education initiatives. The funding represents an important component of Bank of America’s commitment to making communities better places in which to live and do business.
Bank of America Corporate Social Responsibility 
Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in a socially, economically, financially and environmentally responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have several core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on housing, hunger and jobs; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about