The announcement came in December 2014 that JA of North Florida was the chosen recipient for $200,000 in unrestricted funds for Bank of America’s 2014 Neighborhood Builders® Award.
Last night Bank of America held a reception at the Cummer Museum of Art & Gardens in Jacksonville to formally recognize JA of North Florida as the recipient.
The $200,000 in funds will be used to establish a financial literacy center in New Town, a low-income neighborhood on Jacksonville’s Northside with high crime and unemployment rates.
The Mitchell Community Center will be the site of the Bank of America/Junior Achievement Financial Literacy Center.
Up until now, the Mitchell Community Center has remained an under-utilized multi-purpose building in New Town.
Junior Achievement saw this site as the perfect opportunity.
“Bank of America’s award will help JA better serve the Jacksonville community through programs that seek to encourage young people to become financially successful,” said JA of North Florida President, Steve St. Amand.
With the funding from Bank of America and partnerships with the City of Jacksonville, Jacksonville Sheriff’s Office, Duval County Public Schools and Edward Waters College, the New Town Financial Literacy Center will become a reality.
Pilot classes are set to begin next school year.
JA will seek to reach 2,500 students per year, teaching them the fundamentals of banking, business and taxes as well as financial literacy skills.