ATLANTA (PRWEB)
September 03, 2022
Nana Grants Inc. today announced it received a $20,000 grant from Bank of America to help pay for child care for low-income single mothers in college and job training programs. The grant is aligned with Bank of America’s efforts for workforce development because it eliminates the uncertainty of continuous, quality child care so that student mothers can focus on their studies, graduate and have a rewarding, well-compensated career.
Forty-percent of Georgia’s low-income working families with children are headed by single women. And infant care in Georgia costs $1,030 (15.6%) more per year than in-state tuition for 4-year public college. Single mothers with only a high school diploma are three times more likely to live in poverty as those with college degrees. Nana Grants breaks the multi-generational cycle of poverty by making higher education and job training accessible to low-income single mothers.
Employment is a key driver of economic mobility in Atlanta. That’s why Bank of America is focused on building pathways to employment by supporting a range of workforce development and educational opportunities that will help vulnerable individuals and families stabilize and advance.
“Our formula is simple: Child Care + Education = Economic Mobility. With support from Bank of America, we are opening doors of economic opportunity for low-income single mothers and disrupting the cycles that keep families in poverty for generations,” said Erica Stephens, founder and executive director of Nana Grants.
These grants are part of Bank of America’s commitment to responsible growth as it works to improve the financial lives of individuals, families, and entire communities. Philanthropic and volunteer investments continue to play a key role in this effort to build thriving communities.
“Education is key to economic mobility,” said Al McRae, president, Bank of America Atlanta. “Nana Grants creates a pathway for single mothers to gain access to the skills and knowledge required for sustainable employment. Children benefit from high-quality child care experiences while mothers are in college and job training programs. Nana Grants’ two-generation approach is both simple and effective.”
About Nana Grants
Nana Grants, Inc. is an Atlanta-based 501c3 nonprofit dedicated to ensuring quality, reliable child care for low-income single mothers pursuing a postsecondary education. Our formula is simple: Child Care + Education = Economic Mobility. Each Nana Grant helps cover the cost of child care for up to one year, renewable for the length of the student’s program of study at a HOPE-eligible college or university or approved job training program in Georgia. Our goal is to remove the uncertainty of continuous, quality child care from the equation so that student mothers can focus on their studies, graduate and have a rewarding, well-compensated career.
This content was originally published here.
