In recognition of Women’s History Month, Bank of America announced a further expansion of the Bank of America Institute for Women’s Entrepreneurship at Cornell. Due to the program’s success, Bank of America will add 50,000 seats – bringing the total enrolment of small business owners to 100,000 – enabling women entrepreneurs, specifically women entrepreneurs of colour, to gain critical business acumen to drive their businesses forward. Registration is open to anyone worldwide, regardless of gender, educational background or business stage.
According to Bank of America Private Bank research, women in the US are starting and growing their own businesses at record rates. They own an estimated 13 million businesses, or four out of every ten, employ over 9 million people, generate $1.9 trillion in annual revenues — nearly five times the national average, and are a catalyst for change.
“We know women entrepreneurs lack the access to resources they need to manage and scale a successful business – a need that is even more acute for women of colour,” said Sheri Bronstein, chief human resources officer at Bank of America. “We continue to receive feedback from participants about how the skills they’ve gained are propelling them forward – benefiting them, their families, their businesses and employees and their communities.”
