The Los Angeles Urban League announced Wednesday it was awarded a $20,000 Bank of America grant to support efforts to provide services amid the coronavirus pandemic to minority- and women-owned small businesses and entrepreneurs in underserved communities.
“This grant will help us respond to the urgent needs of small business owners and entrepreneurs in our community caused by the COVID-19 pandemic,” said Michael Lawson, president and CEO of the Los Angeles Urban League.
“This grant is also an affirmation of Bank of America’s longstanding willingness to invest in and partner with the Los Angeles Urban League in support of our underserved communities through its day-to-day presence in the community as well as its philanthropic support,” Lawson said.
The grant funding is earmarked to support the Urban Center for Entrepreneurship, an 18-month-long incubator program run by the Los Angeles Urban League in partnership with OmniWorks that works with minority- and women-owned companies and connects them with advisers and mentors.
“Together with tremendous nonprofits like the Los Angeles Urban League, the private sector is working to help address the new demand and challenges created by this unprecedented health and humanitarian crisis,” said Raul A. Anaya, Bank of America’s market president for Greater Los Angeles.
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