Howard Bank, a growth-focused local bank serving businesses, professionals and individuals in the greater Baltimore area, announced Monday it pledged $500,000 to Junior Achievement of Central Maryland and to Humanim, two nonprofits focused on workforce development and financial education.
The $250,000 grant to Junior Achievement, a nonprofit dedicated to educating young people to succeed in a rapidly changing economy, will be allocated over the next five years. It will be used for expansion of its experiential capstone programming for thousands of students throughout the Baltimore area, as well as strengthening partnerships with other community organizations.
Humanim’s $250,000 grant will be made over 10 years to support its growing workforce development division. The funds will be used for career training, job placement and job support services for individuals who have encountered challenges to employment. Howard Bank’s grant will also help individuals and families adopt skills to achieve greater financial independence and long-term success, through Humanim’s family support services, which include wraparound supports such as financial coaching and its Match Savings program.
Junior Achievement serves more than 47,000 students in central Maryland annually with a variety of hands-on work readiness and personal finance programs. JA programming connects classroom learning to the real world, and the students who participate are more likely to achieve higher levels of educational attainment, employment, income, business startup and social mobility than the general population.
Humanim has more than 40 diverse but interconnected programs and services ranging from career training and job development, to rehabilitation and support services. It is well known for restoring the iconic American Brewery, its Baltimore headquarters and reviving a disinvested community with opportunity and jobs. Humanim currently operates five Baltimore-based social enterprises, as part of a strategic workforce development strategy to create jobs and job training opportunities for community members.
Howard Bancorp Inc. is the parent company of Howard Bank, a Maryland-chartered trust company operating as a commercial bank. Howard Bank operates a general commercial banking business with approximately $2.2 billion consolidated assets through its 20 branches located throughout the greater Baltimore metropolitan area.