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PORTLAND, Ore., April 20, 2021 /PRNewswire/ Elevate Capital announced today a substantial investment in Fund II by Bank of America as part of Bank of America s
$1.25 billion commitment to advance racial equality and economic opportunity. Elevate will invest this capital to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. We are extremely proud to have Bank of America s support and to be part of its commitment to increasing representation of BIPOC
1 founded startups, said Nitin Rai, Founder and Managing Partner of Elevate Capital. This commitment is a major catalyst for advancing racial equity in entrepreneurship and we will help them achieve that vision through our work.
Pulling Together to Provide Our Neighbors Dignity and Economic Opportunity
Bank of America gives Central City Concern and the Portland Community College Foundation $400,000 through its annual Neighborhood Builders grant.
Presented by Bank of America
Whatâs This?
By
Ben McBee
12/21/2020 at 12:30pm
Even before the pandemic, many Portlanders were living on the edge, dealing with housing and job insecurity, as well as racial inequality. The coronavirus only deepened their risk and hardships. With its annual Neighborhood Builders grant, Bank of America is stepping up to support local nonprofits focused on creating opportunities for economic mobility for all, especially during these most difficult times.