Bank of America Grant Boosts HGTC Fundraising Goal

Rhea-AI Summary

Bank of America provides a $250,000 grant to HGTC for the Nursing and Health Sciences Institute project, aiming to support the construction and expansion of the institute as part of a larger $15 million project. The grant will accelerate progress in expanding physical facilities, attracting new students, and doubling enrollment in health science programs.

$250,000 grant to bolster funding for HGTC's ongoing capital campaign for new Nursing and Health Sciences Institute

MYRTLE BEACH, S.C., March 4, 2024 /PRNewswire/ -- Horry-Georgetown Technical College (HGTC) takes a significant step forward in realizing its vision for a new, world class Nursing and Health Sciences Institute with the help of a $250,000 grant from Bank of America. This generous contribution marks a pivotal moment in HGTC's ongoing capital campaign, aimed at raising $2 million to support the construction and expansion of the institute, which is part of a larger $15 million project. The grant from Bank of America will accelerate progress toward expanding physical facilities and attracting new students to its Nursing and Health Sciences programs, preparing students for success in the rapidly evolving healthcare sector.

The project scope encompasses the renovation of 14,122 square feet of existing space and the addition of 10,000 square feet through the construction of a second floor inside the existing structure. With Bank of America's support, HGTC aims to double its enrollment in health science programs, bolster the healthcare workforce pipeline, provide students with invaluable clinical rotations and internships, introduce new healthcare science programs, and offer professional development opportunities for our healthcare partners.

"We are immensely grateful to Bank of America for their generous grant, which is instrumental in advancing our mission to provide opportunities in the healthcare sector," said Dr. Marilyn Murphy Fore, president, Horry-Georgetown Technical College. "This partnership exemplifies the transformative impact that strategic collaborations can have on our community, and we are excited to continue working together to empower our students and build a stronger, healthier future."

The grant is part of Bank of America's longstanding commitment to strengthen coastal South Carolina communities by addressing key issues fundamental to economic opportunity and social progress. This announcement is the latest in a series of investments that Bank of America has made in HGTC in recent years, including support of HGTC's Career Training programs and Emergency Scholarship Fund.

"We support Horry-Georgetown Technical College's mission to provide an accessible, affordable, high-quality, collegiate education and workforce development, which is why we directed this strategic philanthropic investment to help build stronger communities," said Kelly Tyler, president, Bank of America Myrtle Beach. "This grant is an acknowledgement of the impact HGTC has on our community and exemplifies Bank of America's efforts to partner and invest in organizations that support community development and share our commitment to creating economic opportunity for the people of Horry and surrounding counties."

HGTC has established itself as the higher education center of innovation and economic progress in the region. As the community identifies needs, HGTC and its partners find solutions. Similarly, Bank of America looks to address local initiatives through its commitment to nonprofit partners, as well as investments to help finance small businesses, affordable housing, and other economic revitalization projects benefiting communities throughout the Horry County region.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Horry-Georgetown Technical College
HGTC offers college transfer and skilled associate degree programs in more than 70 fields of study, and many with online class options. Nearly all programs feature internships that lead to jobs. Ninety-five percent (95%) of students either transfer to earn advanced degrees or start careers in their respective fields of study. Horry-Georgetown Technical College prohibits discrimination against students and employees. Please direct discrimination and accessibility issues to the Office of Student Affairs at (843) 349-5228.

For additional information about HGTC, call (843) 347-3186.
http://www.hgtc.edu/| Twitter: gohgtc  |  Facebook:  http://www.facebook.com/gohgtc

Reporters may contact:

Nicole Hyman, MS
Public Relations Director
Horry-Georgetown Technical College
Phone: 1.843.349.7820, 1.843.902.3838
nicole.hyman@hgtc.edu

Eliza Murphy, Bank of America
Phone: 1.646.855.0683
eliza.murphy@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the purpose of the $250,000 grant from Bank of America to HGTC?

The grant aims to support the construction and expansion of the Nursing and Health Sciences Institute at HGTC as part of a larger $15 million project.

How will the grant from Bank of America benefit HGTC?

The grant will help accelerate progress in expanding physical facilities, attracting new students, and doubling enrollment in health science programs at HGTC.

What is the goal of HGTC's ongoing capital campaign?

HGTC's ongoing capital campaign aims to raise $2 million to support the construction and expansion of the Nursing and Health Sciences Institute.

What is the scope of the project at HGTC with Bank of America's support?

The project includes renovating 14,122 square feet of existing space and adding 10,000 square feet through the construction of a second floor inside the existing structure.

How does Bank of America contribute to community development in coastal South Carolina?

Bank of America supports community development in coastal South Carolina through strategic philanthropic investments and partnerships with organizations like HGTC.