Savannah Tech Partners With Bank of America on New Workforce Development Initiative
SAVANNAH – Savannah Technical College Foundation announced today that Bank of America has committed $250,000 in funding to support workforce development initiatives at Savannah Technical College. Funding will be split over two years and will be focused toward removing financial barriers for low- to middle-income, underrepresented minority students. The gift will support gap funding for students in high demand industries, fast-track non-credit training and emergency/last-mile financial assistance.
“Bank of America’s investment in our community will pay dividends for many years to come. This funding supports our students as they prepare for careers that earn family-sustaining wages throughout our local economy,” said College President Dr. Kathy Love. “This kind of comprehensive support for workforce training is exceptional and we are most appreciative.”
The funding from Bank of America will be used to provide training to support students pursuing careers in high demand fields of manufacturing, industrial maintenance, aviation technology, welding, nursing and logistics. Funds will support tuition, fees, books, required tools and equipment – effectively removing all financial barriers for students.
The fast-track training offers short-term, non-credit training in key industry areas like manufacturing, logistics and welding, and was developed to meet hiring needs of local industries and provides certifications for high demand jobs identified by local hiring partners.
The emergency/last-mile funding will provide financial assistance for students who are at risk of dropping out for financial reasons. The Technical College System of Georgia has identified last-mile funding as a priority statewide.
“Savannah Technical College is providing technical training and job placement services that equip members of our community to perform in high-demand roles that are critical to the stability and growth of Savannah’s economy overall,” said Patrick O’Neil, President, Bank of America Savannah. “Bank of America’s support of fast-track training furthers our commitment to supporting solutions that advance economic opportunity for all in our community.”
This investment in Savannah Technical College is a part of Bank of America’s $1.25 billion commitment to supporting racial equality and economic mobility, with a focus on those from historically underrepresented backgrounds. Bank of America’s commitment will deepen and extend ongoing initiatives that help workers acquire the skills they need to fully participate in the new economy.
About Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
#2216 | November 2, 2021
Media Contact: Amy Shaffer, APR
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Savannah Technical College serves Coastal Georgia with quality, market-driven technical education with campus locations in Chatham, Effingham and Liberty Counties. Serving more than 10,000 credit and non-credit students annually, Savannah Tech offers nearly 150 different instructional programs in Aviation Technology, Business and Professional Services, Industrial Technology, and Health Sciences in addition to Adult Education classes, industry-specific training and continuing education. The College serves as an economic and community development partner for the region, offering corporate and customized training and assessment programs for business and industry.
Savannah Technical College is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) to award associate degrees, diplomas and technical certificates of credit. Questions about the accreditation of Savannah Technical College may be directed in writing to the Southern Association of Colleges and Schools Commission on Colleges at 1866 Southern Lane, Decatur, GA 30033-4097, by calling (404) 679-4500, or by using information available on SACSCOC’s website (www.sacscoc.org).