PR Newswire
B uilds on 10-year Partnership, $100M Capital Deployed to Women-Owned Businesses
CHARLOTTE, N.C. , April 2, 2024 /PRNewswire/ -- Bank of America and the Tory Burch Foundation today unveiled a new pillar in their long-term commitment to empower women entrepreneurs. The Tory Burch Foundation Business Webinars presented by Bank of America is a virtual program featuring education on a range of entrepreneurial topics and a robust content library for on-demand learning. It is poised to be the largest, free online educational resource available for women entrepreneurs -- building on a decade-long partnership-- including The Tory Burch and Bank of America Capital Program , which provided more than $100 million in low-cost capital to women entrepreneurs.
Women have created about half of the new small businesses launched since the start of the COVID-19 pandemic, according to the Senate Committee on Small Business and Entrepreneurship.
"It takes more than a great idea and determination to build a business; it takes resources," said Tory Burch, Executive Chairman and Chief Creative Officer of Tory Burch. "When we equip founders with expert insights, we create a catalyst for economic growth and job creation. With Bank of America's help, the reach of this program will be truly transformative."
Targeting early-stage, women-led businesses in all industries, Business Webinars will provide expert instruction and takeaway learning materials. The sessions will be offered live and on-demand -- for free -- on the Tory Burch Foundation website and YouTube.
"Through our 10-year partnership with the Tory Burch Foundation and our extensive work with small business clients, we know that women entrepreneurs need greater access – whether that's access to training, mentorship, networks, capital or markets," said Pam Seagle , Global Women's Program Executive at Bank of America. "This is a one-of-a-kind platform that has potential to reach millions of women entrepreneurs who wouldn't have had access to a resource like this before."
Sessions will be hosted on Wednesdays at 1 p.m. ET by Tory Burch Foundation staff and subject matter experts. Registration is open for Spring programming:
- Scaling with Federal Funding
- Make Entrepreneurship Your Own
- Create Your Operations Blueprint
Countdown to Launch: Go-to-Market Strategy - Leading Through Challenging Times
- Kickstart Your Tax Prep
About Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States , serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States , its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .
About the Tory Burch Foundation
The Tory Burch Foundation empowers women entrepreneurs in the United States by providing access to capital, education and community: the Fellows Program has provided $1,850,000 in grants to help 280 women grow their businesses; the Capital Program, powered by Bank of America distributed $100 million dollars in low-interest loans to 5,600 women entrepreneurs; the Women of Color Grant Program has deployed $3,200,000 in grants to 240 small business; and annually the Foundation provides online education to more than 650,000 people.
Follow the Tory Burch Foundation on Instagram , LinkedIn , Facebook , Threads and YouTube .
Reporters may contact:
Eliza Murphy , Bank of America
Phone: 1.646.855.0683
eliza.murphy@bofa.com
Footnote:
Women's Small Business Ownership and Entrepreneurship Report - 2023
SOURCE Bank of America Corporation