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Why investing in women is good business - ColoradoBiz Magazine

ColoradoBiz Magazine A commitment to a diverse workforce makes a lasting impact on companies and communities May 3, 2021 Investing in women makes good business sense because diverse and inclusive workplaces are essential in meeting the needs of today’s diverse clients, communities and other key stakeholders. Bank of America recognizes the significant role women play in advancing thriving economies – with women owning 37% of all businesses worldwide. It’s why we continue to invest every day in helping them make meaningful contributions within our company and in their communities at large. Here in Colorado, for example, we partner with the Colorado Enterprise Fund, a Colorado-based CDFI, to provide loans and small business support to veteran and women entrepreneurs. We also are an engaged member of the Colorado Women’s Chamber of Commerce through our sponsorship of the Powerful Voices Conversation Series, which highlights the inspirational stories of perseverance and suc

How investing in women makes good business sense

By April Paradis, Bank of America Investing in women makes good business sense because diverse and inclusive workplaces are essential in meeting the needs of today’s diverse clients, communities and other key stakeholders.  Image COURTESY / BANK OF AMERICA April Paradis is senior vice president for global human resources at Bank of America in Maine. Data supports the fact that companies that create a strong culture of diversity reap the benefits of greater innovation, stronger employee engagement and productivity and a positive impact on the bottom line.  Women own a third of all businesses worldwide, make up just over half of the workforce, and yet 1-in-4 women have considered leaving the workforce due to the coronavirus, which would equate to a 12.5% reduction in the labor force. It’s why we continue to invest every day in helping women make meaningful contributions within our company and in their communities at large.

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