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Tuesday, Nov 28, 2023
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Economic Opportunity

Bank of America has announced more than $700,000 in grants to 30 San Diego nonprofit organizations that they say will help drive economic opportunity and upward mobility for individuals and families. Most of the funds are going to help scale workforce development and job reskilling programs, with the remainder supporting basic needs services.
As the San Diego region experiences a general economic recovery after months of dealing with COVID-19, this recovery has not been the same for everyone. According to a report by SANDAG, the individuals most significantly hit were those in the lowest paying jobs with nearly one in four individuals who had jobs that do not require a college education still being unemployed. Additional data also shows that there was a disproportionate impact on minority communities.
Grantees included The San Diego Foundation for the Black Community Fund, co-founded by the Central San Diego Black Chamber of Commerce and The San Diego Foundation.
“With this additional donation, we will be able to increase our impact and collaboration with our community partners who share our values and strive to build generational wealth for Black San Diegans,” said Mark Stuart, president and CEO of The San Diego Foundation.
The other grantees were: Alpha Foundation for the Homeless; Barrio Logan College Institute; Boys & Girls Club of Greater San Diego; Campanile Foundation; Center for Community Solutions; Chicano Federation of San Diego County, Inc.; Goodwill Industries of San Diego County; Interfaith Community Services, Inc.; International Rescue Committee, Inc.; Jacobs & Cushman San Diego Food Bank; Junior Achievement of San Diego County; Just in Time for Foster Youth; Kitchens for Good; The Lucky Duck Foundation; Metropolitan Area Advisory Committee on Anti-Poverty of San Diego County, Inc.; National Conflict Resolution Center; National Veterans Transition Services, Inc.; Ocean Discovery Institute; Rady Childrens’ Hospital Foundation – San Diego; Reality Changers; San Diego Center for Children; San Diego Lesbian Gay Bisexual and Transgender Community Center; San Diego Regional Chamber Foundation; St. Vincent De Paul Village, Inc.; Support the Enlisted Project, Inc.; Urban League of San Diego County; and the YMCA of San Diego County.
“The strategic investment into immediate short-term and longer-term needs has been key in helping disadvantaged communities progress as San Diego reopens,” said Rick Bregman, president of Bank of America San Diego. 

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