news release

Bank of America recently awarded a total of $37,500 in grants to two Treasure Coast nonprofit organizations helping to address barriers fundamental to economic mobility locally. This second round of local grants the company awards to local nonprofits this year focuses on strengthening broader community vitality by addressing needs related to affordable housing, small business resiliency and neighborhood revitalization.  

A grant to Indian River State College invests in local business owners by supporting their Small Business Development Center, which provides expert consulting to local business owners. In Florida, there are more than 3.1 million small businesses, with this number increasing every year. These small businesses owners don’t always have access to or knowledge of the resources available to them, demonstrating a need for specialized guidance and support from business experts.

The organization will use the funds to support the center’s APEX government contracting and procurement consultant, who helps business owners secure government contracts. The funds will also go towards their Profit Mastery Program, a 16-hour financial training program that instructs business owners on how to better understand, manage and leverage their financials to make business decisions.

Also receiving a grant is Habitat for Humanity of Martin County. It will help support the organization’s Community Development Initiative in Martin County. Habitat plans to use the funds to continue developing its Pettway Village neighborhood and create new homes for local, low-income families. They also plan to make minor repairs and beautifications to existing local homes.

These grants build on the $1,182,000 Bank of America provided to Treasure Coast organizations since 2020 and are part of the company’s longstanding commitment to advancing economic mobility.