“What I want most is justice for my mother, and to continue her legacy,” stated Trevon Avan, the son of Michelle Avan, the Bank of America executive who was tragically murdered in her home last week. Her death sent shock waves throughout the community and her family and friends have vowed to continue her legacy of good deeds for the betterment of the community and those less fortunate.
Los Angeles Police Department detectives have arrested Anthony Duwayne Turner a co-worker of Michelle Avan and a Bank of America executive. Turner (52) was booked late Thursday by LAPD Homicide Detectives and is being held on $2 million bail, according to jail records. He was arrested near his home in Westchester.
Michelle A. Avan is a trailblazer and one of the most highly respected business women across multiple local and national groups serving the larger community.
Bank of America Community Development Banking, in partnership with Enterprise Community Partners, is investing $60 million – $30 million in loans and $30 million in equity financing – to support Enterprise’s Equitable Path Forward, a five-year initiative to help facilitate racial equality in housing.
While it may be challenging to predict what exactly our path to economic recovery will look like, Black small businesses will play a significant role.
To help meet the increased demand for highly-trained nurses and essential healthcare workers in medically-underserved areas like South Los Angeles, Martin Luther King, Jr. Community Hospital (MLKCH) announced it has received a half million dollar grant from Bank of America to expand its healthcare worker career programs.
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.
Here is what happened in business in 2020.
“This is a moment in time for Americans to move past our divisions to come together and reach our full potential as a nation,” Ken Frazier, the chairman and CEO of Merck and a OneTen founder stated. “Our country’s workforce of the future will be an increasingly diverse one,” Frazier proclaimed.
The Southern California Virtual Business Center (SC-VBC) is an online facility designed to prepare business owners to scale and grow through the emphasis of corporate and government contracts. The SC-VBC hosts different programs for entrepreneurs at different stages of their business, through the program’s curriculum, resources, and mentorships.
The food distribution comes at a critical time as our community struggles with economic downturn during COVID-19 pandemic.
Despite COVID-19 Taste of Soul is still delivering food and music to the community.
In his new role as president of Business Banking, he leads a nationwide team that serves mid-sized businesses.
Local community partners will have a role in this initiative, President of Greater Los Angeles Raul Anaya stated, “We are looking to potentially partner with philanthropy and other large businesses in L.A., because our goal is to create a program ideally that is sustainable with long standing impact.
Bank of America announced today that it has received Small Business Administration (SBA) loan approvals for 265,500 small businesses under the SBA’s Paycheck Protection Program (PPP). This represents $24.9 billion in needed relief for small businesses. More than 256,000 of these small businesses have received a loan number since the SBA reopened the PPP funding on April 27.