BofA Invests Nearly $40 Million into American Workforce Skills in 2025
Bank of America (NYSE: BAC) invested nearly $40 million in 2025 in U.S. workforce development, partnering with 100+ universities and 600+ nonprofit partners across its markets.
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Rhea-AI Summary
Bank of America (NYSE: BAC) invested nearly $40 million in 2025 in U.S. workforce development, partnering with 100+ universities and 600+ nonprofit partners across its markets. These efforts reportedly helped connect about 86,400 people to livable‑wage jobs and provided 265,000 people access to training and career readiness programs.
The initiative emphasizes skills‑first hiring, employee volunteerism, leadership placements and sectoral training from healthcare to advanced manufacturing and technology.
Positive
- Investment of nearly $40 million in 2025
- 86,400 individuals placed into livable‑wage jobs
- 265,000 people given access to training and career programs
- Partnerships with 100+ universities and 600+ nonprofit partners
Negative
- None.
Details
News Market Reaction – BAC
On Feb 26, the day this news came out, BAC closed 1.18% above the previous close.
Data tracked by StockTitan Argus for the Feb 26 session.
Key Figures
- Workforce investment 2025
- $40 million
- Invested in workforce development initiatives in 2025
- Individuals placed in jobs
- 86,400 people
- Estimated connected to livable-wage jobs via 2025 initiatives
- People upskilled
- 265,000 people
- Gained access to training, education and career readiness programs
- Education partners
- 100+ institutions
- Universities and community colleges partnered in 2025
- Nonprofit partners
- 600+ organizations
- Nonprofits across all U.S. markets working on workforce development
- Culinary training length
- 16 weeks
- Second Harvest Food Bank’s Culinary Training Program duration
- U.S. clients served
- 70 million
- Approximate number of U.S. clients served by Bank of America
- Verified digital users
- 59 million
- Approximate verified digital banking users
Historical Context
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Merrill had 24 advisors named to a top under-40 advisor ranking.
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Announcement of no-fee BofA Rewards program expanding benefits to over 30M clients.
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Launch of Art Consulting service to support wealth clients in art markets.
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Report of $7.4B in 2025 financing for affordable housing developments.
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Announcement of 539 Merrill advisors on Forbes’ Top Women Wealth Advisor lists.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
As Many As 86,400 Placed in Jobs & 265K Upskilled through Strategic Local Partnerships
These workforce development partners estimate the bank's investments last year alone contributed to approximately 86,400 individuals getting connected to livable‑wage jobs and provided 265,000 people with access to training, education and career readiness programs designed to position them for long‑term career success.
"Career and technical education are critical to building strong local economies," said Meghan Hughes, Head of Workforce Development at Bank of America. "These investments reflect our long-standing commitment to creating pathways to lasting success for people across the country. Employers need skilled workers and we're proud to partner with so many organizations that are preparing the next generation of talent for today's jobs and the careers of tomorrow. This work is a powerful demonstration of how we can drive American economic growth and prosperity—together."
These partnerships and investments are central to Bank of America's broader workforce development strategy, which emphasizes skills‑first hiring and aligns training opportunities with market needs. By closely partnering with employers, workforce boards, colleges and nonprofits, the bank is helping to close skills gaps and address talent shortages across key industries in regions where workforce demand is highest, from healthcare fields to advanced manufacturing, technology and more.
Examples of BofA investments include:
- In
Central Florida , Second Harvest Food Bank's Culinary Training Program is a 16-week continuing education opportunity offering adults the culinary and life skills training needed to pursue a full-time career in the food industry, which has rising demand for workers. Houston -based NextOp works with enlisted service members and veterans each year acrossTexas and other states to translate their military training and experience into qualifications for civilian careers and help place them into jobs with higher starting pay.- Taft College in Bakersfield provides paid hands-on internships with regional healthcare providers across Kern County, an area having chronic shortages of nurses and other healthcare professionals with its Pre-Nursing Internship program.
Nearly 60 nonprofit organizations receiving Bank of America support will also take part in leadership training designed to strengthen organizational capacity and help these partners scale their impact through BofA's Neighborhood Builders® program.
In addition to grant funds, BofA provides employee volunteerism and its Leader on Loan program placing talented leaders to work fulltime with workforce development organizations and other nonprofits for 12-18 months. Through collaboration with postsecondary institutions and local nonprofit partners, these efforts help ensure more Americans can access career‑relevant education and connect to quality employment opportunities.
Bank of America's commitment to workforce development is part of its broader mission to fuel economic mobility and strengthen communities nationwide.
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
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.
Reporters may contact
Carla Molina, Bank of America
Phone: 1.512.397.2402
carla.molina@bofa.com
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SOURCE Bank of America Corporation
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