St. Petersburg College (SPC) has received a $1 million grant to promote employment placements for students who are struggling financially to fulfill their professional aspirations as well as students of color.
The college expects to place at least 500 students in high-wage, in-demand employment roles.
The college in Florida seeks to create a long-term talent pool by creating a service for students in the Tampa Bay area that will assist them in pursuing possibilities in technology, business, finance, and professional services.
SPC President Dr. Tonjua Williams said: “We know that by working together we will help students prepare for – and transition into – higher-paying jobs that result in economic prosperity, especially for those with limited means.”
It also intends to establish a regionally coordinated office that will serve as the key source of information and translation between business and education.
Last year, the bank pledged $1.25 billion to improve racial equality and economic opportunity.
The bank’s partnership with the college is the outcome of the assurance, which emphasizes direct action in communities of color.
Bill Goede, president of Bank of America, Tampa Bay said: “We recognize the importance of connecting young adults with meaningful employment opportunities”.
“Through our partnership with SPC, we are helping to build a stronger pipeline of diverse talent, contributing to a thriving Tampa Bay community.”
SPC will lead the partnership, which will include area educational institutions, corporations, and other sector partners. Increasingly, both regional and national banks are scaling funding capabilities to move the needle on social mobility.