29 Nov The Valley Economic Alliance Drives Economic Recovery with $20,000 Grant from Bank of America Charitable Foundation
FOR IMMEDIATE RELEASE
November 29, 2021
818-379-7000 ext. 106
Sherman Oaks, California – The Valley Economic Alliance (The Alliance) announced the receipt of a grant from the Bank of America Charitable Foundation in support of its 2021-2022 economic mobility initiatives. The proceeds will support the Organization’s general operations and increase its programmatic capacity to generate public awareness for its Housing Creates Communities Program, deliver critical emergency aid through its Business Assistance Program, and catalyze equitable community development through its Valley Main Streets Place-Based Community Revitalization Program, among other initiatives.
For several years, Bank of America has assisted nonprofit partners, elected officials, and grassroots entities across Los Angeles with funding for economic development and upward mobility. Recently, Bank of America announced an expanded five-year, $1.25 billion commitment to help advance racial equality and economic opportunity in our communities, which has benefited the Alliance during a pivotal year.