Bank of America Awards Los Angeles Trade Tech $1 Million for Jobs Initiative
By Sentinel News Service
Published February 4, 2021
$25 Million National Program Supports Programming, Re-skilling and Upskilling for Students of Color; Includes Partnerships with Major Employers and The Aspen Institute.
Los Angeles Trade Tech and Bank of America today announced a new $1 million jobs initiative partnership to help students of color successfully complete the education and training necessary to enter the workforce and embark on a path to success in Southern California. The bank is also investing $1 million into Riverside City College as part of this initiative, which builds on Bank of America’s ongoing work in the region to address the underlying issues facing individuals and communities of color who have been disproportionately impacted by the current health crisis.
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More than $853 million in new PPP loans approved in Washington goldendalesentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from goldendalesentinel.com Daily Mail and Mail on Sunday newspapers.
As part of ongoing transparency of economic aid programs, the U.S. Small Business Administration (SBA) recently released data summarizing Paycheck Protection Program (PPP) loan approvals made through Jan. 24, 2021.
The SBA re-opened the PPP Jan. 11 with $284 billion appropriated through the Economic Aid Act. So far in this round of funding, 2,910 PPP loans valued at $229,004,064 million have been approved by the SBA in Mississippi.
In the SBA Southeast Region â which serves Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee â a total of over 53,000 PPP loans valued at more than $4 billion have been approved.
Nationally, more than 400,000 loans valued at more than $35 billion have been approved this round. Overall, the average loan size is $87,000. Accumulatively, all PPP loans approved in 2020 combined with this round total more than 5.5 million PPP loans totaling $557.8 billion.
Treasury Secretary Janet Yellen met with small business owners on Thursday. Senate Republicans criticized moves by Democrats to fast-track President Joe Biden’s $1.9 trillion Covid-19 relief plan without their backing.