Las Vegas, NV – November 29, 2021 – Tech Impact today announced it has been named as one of two 2021 Bank of America Neighborhood BuildersⓇ awardees in Las Vegas. As a winner, Tech Impact will receive a two-year operating grant, totaling $200,000, as well as comprehensive leadership training for the executive director and an emerging leader in the organization. Tech Impact plans to put the funding towards scholarship opportunities and program improvements for its flagship IT and software development training programs in Nevada, including ITWorks, CXWorks, and PunchCode.
The largest impact the funding will have is increasing accessibility to PunchCode, Tech Impact’s immersive coding program focused on training software developers in 14 weeks. The program will launch a new Income Share Agreement (ISA) financing model that requires participants to only pay a small down payment upfront and require no additional payments until after the participant is employed. Additionally, the financing is not FICO score based which opens the window for more people to apply to the program.
“We are honored to receive Bank of America’s Neighborhood Builders Award for our efforts to build a diverse tech talent pipeline in Nevada,” said Patrick Callihan, Executive Director at Tech Impact. “In addition to program enhancements, scholarship opportunities, and leadership training, this funding enables us to offer a new ISA with PunchCode participants–ultimately empowering them to achieve more, earn more, and make more change in their community.”
Bank of America’s highly competitive Neighborhood Builders program is one of the nation’s largest investments into nonprofit leadership development. Since 2004, the bank has invested over $280 million in 50 communities through Neighborhood Builders, partnering with more than 1,400 nonprofits and helping more than 2,800 nonprofit leaders strengthen their leadership skills. Here in Las Vegas, 27 nonprofits have been selected as a Neighborhood Builder, with the bank investing $5.8 million into these local organizations through the program since 2004.
“As our community continues to recover and navigate a changing landscape, nonprofits are still experiencing significant demands and are in need of critical resources related to technology services, education, and training,” said Al Welch, president, Bank of America Las Vegas. “Tech Impact is doing incredible things in Southern Nevada, helping bridge important gaps for individuals and families to help them chart a path toward economic opportunity and stability.”
Tech Impact, a 501 (c)(3) is a leading provider of technology education and solutions for nonprofits and operates proven IT and customer experience workforce development programs designed to help young adults launch their careers. With over a decade of experience in workforce development, Tech Impact has deep partnerships with scores of employers that are seeking tech talent and is creating a diverse and skilled IT workforce.
For those who meet eligibility requirements and are interested in becoming a participant in upcoming training cohorts in Nevada, visit https://punchcode.org/apply/ and connect with a representative from Tech Impact, an Equal Opportunity employer/program. The organization is also seeking advisors, mentors, and employers to aid in accomplishing the goals of the programs (visit https://techimpact.org/volunteering-with-tech-impact/).
