Bank of America said Wednesday that its charitable foundation made $900,000 in funding and leadership training to Bay Area nonprofits through its Neighborhood Excellence Initiative this year. The bank gave $200,000 in unrestricted grants to San Francisco’s Mission Economic Development Agency and New Door Ventures.
Mission Street has long been a source of community and entertainment for 31-year Chrystos Cusigch. But today, filtered through the clean glass windows of her pristine store, Yatere Organics, it holds the promise of something entirely new — potential business.
Patricia Torres, an East Bay mother of two, saw her dreams of being a small-business owner come true when her store, Mystical Collections, opened within El Mercadito — a market-style space at Plaza Adelante in the Mission district.
Responding to the ongoing economic crisis in lower-income Latino communities, NALCAB-National Association for Latino Community Asset Builders assisted seven member organizations to secure $3.7 million in federal funding to create jobs in their local communities. These recent awards come from two programs administered by the US Department of Health and Human Services.