DENVER, COLORADO – December 3, 2018 – Mi Casa Resource Center has been named as the 2018 Bank of America Neighborhood Builders grant recipient for Denver. The nonprofit was selected for its commitment to increasing economic mobility for families with limited resources in the Denver area, helping them achieve success in education, employment and business ownership.
As an awardee, the Mi Casa Resource Center receives a $200,000 grant, a year of leadership training for the executive director and an emerging leader at the organization, access to a network of peer organizations across the U.S. and the opportunity to access capital to expand their impact. Since 2004, Bank of America has invested more than $220 million in 49 communities through Neighborhood Builders, partnering with over 1,000 nonprofits and helping over 2,000 nonprofit leaders strengthen their leadership skills – one of the nation’s largest philanthropic investments in nonprofit leadership development.
“When Bank of America set out to explore opportunities to invest in nonprofits tackling major local issues like Mi Casa Resource Center, we didn’t simply want to make a donation,” said Erica McIntire, Denver Market Manager for Bank of America. “We wanted to cultivate partnerships, leaving a real and lasting impact on the organizations themselves and the communities we serve. With this in mind, we developed the Neighborhood Builders program – and it has been a cornerstone of our responsible growth strategy ever since.”
Since its inception in 1976, Mi Casa Resource Center has played an essential role advancing the economic prosperity of Denver families with potential barriers to success. What started as a small group of mothers offering job training for women has grown into an organization committed to advancing economic self-sufficiency for the entire family through education, employment and business ownership programs. By helping youth and adults from families with limited opportunities on their respective paths to success, Mi Casa Resource Center ultimately increases household incomes, reduces risk for displacement and generates wealth that transforms families and communities for generations.
“By providing unrestricted funding, Bank of America allows us to be creative and flexible in how we best serve our community,” said Monique Lovato, CEO of Mi Casa Resource Center. “For example, one of the programs this Neighborhood Builder award will support is La Receta, our new mobile-food business accelerator. This program is addressing a need among the low-income and minority entrepreneurs we serve to help them grow their businesses so they can sustain their families, create community wealth, and contribute to Denver’s vibrant economy.”
Mi Casa is the sixth nonprofit organization Bank of America has partnered with since the launch of the program in Denver in 2013, investing $1.2 million to provide them with the tools they need to address issues fundamental to economic mobility such as workforce development, community development and basic needs. Neighborhood Builders is just one example of how Bank of America deploys capital in communities and builds cross-sector partnerships, advancing economic and social progress as part of its approach to responsible growth.