Build Institute is honored to be selected as a 2016 Neighborhood Builder from Bank of America. The recognition awards high-performing nonprofits that have made a significant impact in the community working in the bank’s priority funding areas of housing, jobs and hunger relief. The Neighborhood Builder program is a strategic investment that pairs leadership training with a $200,000 unrestricted grant over two years so leaders gain valuable skills while applying funding where it is most needed.
Build Institute has been recognized for its work in improving financial lives through entrepreneurship and its alignment to Bank of America’s work to address issues fundamental to economic mobility in order to build thriving communities
For Build Institute, the funding will be used to build up the organization’s technical assistance program for entrepreneurs, allow for the hiring of an on-staff small business advisor to offer one-on-one consulting, and provide funds for its micro-lending program.
“This is a game changer for Build Institute. To be recognized by Bank of America and be among such distinguished company is truly humbling,” said April Jones Boyle, Founder and Executive Director, Build Institute. “This support will help us reach more aspiring and experienced small business owners as we further our mission to make Detroit the global leader in equitable entrepreneurship.”
Since 2004, through Neighborhood Builders, Bank of America has helped nonprofits create greater impact in their communities and better prepare for the future by providing the tools and resources they need to develop stronger strategic plans, chart a succession plan, navigate through tough economic times, and enhance their funding opportunities. Since the program’s inception, Bank of America has invested more than $180 million in 900 nonprofit organizations across the country, providing leadership resources to nearly 2,000 nonprofit leaders, and the program has been recognized as the nation’s largest philanthropic investment in nonprofit leadership development.
Thank you Bank of America for your support of Build Institute and entrepreneurs in Detroit.