The Bank of America Charitable Foundation announced Monday their recent investment of $40,000 in Project ARRIBA to support its Building Pathways to the Middle Class Through Higher Education Project.
Officials share that this investment will be used to advance a postsecondary education of our available workforce to meet the need for essential healthcare workers, e.g. nurses, and strengthen our workforces’ response to the COVID-19 pandemic and mitigate future staffing shortages.
“We are proud to have this continued partnership with Bank of America,” said CEO Roman Ortiz. “Project ARRIBA provides a great return on investment. The last study prepared by the Institute for Policy and Economic Development at UTEP revealed that for every dollar invested in Project ARRIBA programs, $24 is returned to El Paso. Bank of America funding will further fuel our workforce development efforts.”
Project ARRIBA’s Building Pathways to the Middle Class Through Higher Education Project will provide the educational, financial and social supports systems needed for students studying at El Paso Community College (EPCC), the University of Texas at El Paso (UTEP), and Texas Tech University Health Science Center of El Paso (TTUHSC EP) to attain a healthcare degree or credential in the El Paso region that pays a family-sustaining, living wage while meeting local employer needs for essential healthcare workers.
“Since 2001, Bank of America has supported Project ARRIBA’s workforce development efforts that alleviate poverty and increase economic mobility through a higher education,” said Kristi Marcum, El Paso Market President.
“Project ARRIBA’s holistic approach to job training removes barriers to a vulnerable population and empowers them with the education and skills needed to attain meaningful employment which is especially important during this current health and humanitarian crisis.”
Bank of America recently announced $100 million to support communities around the world during this time of need.
“As part of this effort, the company is working with organizations that are going above and beyond to provide assistance in El Paso to serve the region’s most vulnerable populations amidst the coronavirus crisis and to advance economic resilience,” Bank of America officials added.
So far this year, the bank has provided financial support totaling $310,000 to 13 local nonprofits in El Paso that are working to improve health outcomes, support small businesses and minority-led organizations, and advance workforce upskilling and re-skilling, critical needs and affordable housing.