Savannah Technical College issued the following announcement on Nov. 2.
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.
Original source can be found here.
Source: Savannah Technical College
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