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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.
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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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women's history month march overcoming challenges in coronavirus recovery

Gerri Moll and Sarah Owen
Special to The News-Press
Women’s History Month is a celebration of the achievements of groundbreaking women everywhere and a time to examine the many obstacles they still face. That examination is especially important now, as the pandemic amplifies gender inequalities in Southwest Florida that have existed for generations. In our region, where women now outnumber men, studies show women earn even less money than the national average. Likewise, women have fewer professional or management positions and less health insurance coverage than Florida’s average, which is already among the worst in the nation.
According to U.S. Census Bureau data, there are more Southwest Florida women in poverty than men. Looking at the higher end of the economic spectrum, women with graduate degrees in Lee County still earn an average of 19% less than their male counterparts, while the earnings difference in Collier County is 39%. ....

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Lifset: Investing in women is good business

Lifset: Investing in women is good business
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Bank of America Expands the Bank of America Institute for Women's Entrepreneurship at Cornell

Bank of America Expands the Bank of America Institute for Women’s Entrepreneurship at Cornell
Bank of America Expands the Bank of America Institute for Women’s Entrepreneurship at Cornell
As part of Bank of Americas $1 billion, four-year commitment to advance racial equality and economic opportunity, today “ Womens Entrepreneurship Day “ the company announced a further expansion of the Bank of America Institute for Womens Entrepreneurship at Cornell. Due to the programs success, Bank of America will add 30,000 seats “ bringing the total enrollment of small business owners to 50,000 “ and will work with Cornell to develop a Spanish language curriculum and hire Spanish-speaking teaching assistants to more effectively support Hispanic-Latino entrepreneurs. ....

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