The Bank of America Scholarship is open to full-time students at Eastern Florida State College who are inhabitants of Brevard County, Florida. Students intending to pursue post-secondary education in accounting or business should apply.
Overview of Bank of America Scholarship
The Bank of America Scholarship is designed to provide qualified certified small and diverse business owners with financial support to receive training and educational programs they need to improve their business operations and competitiveness in their market.
Sponsored by Bank of America and funded through the generosity of Bank of America’s vendors, the Scholarship Selection Committee will award scholarships of up to $10,000 each to each awardee.
The management and distribution of fund awards are administered by Communities Foundation of Texas.
Eligibility Criteria
Your business must be certified as either a small or diverse business by a recognized national or state diversity certifying agency, including, but not limited to, the following classifications:
- Minority Business Enterprise (MBE)
- Women Business Enterprise (WBE)
- Disabled Person-Owned
- US Pan Asian American Chamber of Commerce (USPAAC)
- Veteran-Owned
- LGBT-Owned
- HUBZone (Historically Underutilized Business Zones)
- Your business must have an annual sales of between $1,000,000 and $50,000,000.
- Your business must employ at least three full-time employees.
- You must have a minimum of three years of experience developing and running the company.
- You must be a first-time attendee for the specific course they are submitting for scholarship support.
- You are not eligible if there are any unused or outstanding Bank of America’s Supplier Diversity Small & Diverse Business Scholarship payments.
- Past awardees are not allowed to apply.
Scholarship Award Information
Scholarship award recipients must attend the approved course within 12 months of obtaining the award.
Recipients may register in any desired program within the parameters of the scholarship, regardless of your business certifying agency.
Awards may be used for tuition, books, and fees for training at any accredited college or university in the United States or its possessions, or any nonprofit organization offering programs in the areas listed below, but not limited to) the areas listed below.
- Mentorship Programs
- LEED Certifications
- Advanced Industry Training
- Six Sigma Certification
- Capacity Building Programs
- Technology Training
- Educational Programs
Moreover, any scheme submitted for scholarship reimbursement (especially if not a nonprofit organization) must be vetted and approved by CFT before the reimbursement can be made.
Trustees and employees of the Communities Foundation of Texas or Bank of America, as well as families or other related parties, scholarship fund advisors, committee members, or any other persons related to any person involved in the administration or awarding of the Scholarship Selection Committee, are not eligible to apply.