Neighborhood Builders strives to demonstrate how strong cross-sector partnerships and local community leaders can play a meaningful role in positioning communities for success. As part of the award, these high-performing nonprofits receive leadership development and the opportunity to access capital. Also, they join a network of peer organizations across the United States in receiving $200,000 flexible funding in order to expand their impact in the community. The awardees are selected by a local market selection committee with representation by local community leaders from diverse sectors. LAEDA will use these funds to expand their service area by bringing their innovative Entrepreneurial Development Training Program to clients in Burlington, Gloucester, Atlantic, and Cumberland counties.

 

Neighborhood Builders is part of Bank of America’s efforts to build thriving communities by addressing issues fundamental to economic mobility, including workforce development and education, community development and basic needs. This venture has helped local nonprofits create a greater impact in the community and better prepare for the future by providing the tools and resources they need to develop stronger strategic plans, chart a succession plan, navigate through tough economic times, and enhance their funding opportunities. Since 2004, Bank of America, through Neighborhood Builders, has invested over $180 million in 900 nonprofit organizations across the country, providing leadership resources to nearly 2,000 nonprofit leaders.  Due to these generous donations, the program has been recognized as the nation’s largest philanthropic investment in nonprofit leadership development.