Venue opens to assist metro-Detroit students with financial literacy

Bank of America unveiled its new financial education space at the Junior Achievement of Southeastern Michigan Finance Park earlier this month.

The financial education center reflects Bank of America’s commitment to financial literacy for metro Detroit students through their ongoing partnership with Junior Achievement, a nonprofit that empowers today’s students through K-12 programming, including work readiness, entrepreneurship, and financial literacy.

The JA Finance Park is located at 577 Larned Street in Detroit.

The Bank of America Finance Park space is designed to replicate a modern financial center and will provide students with a hands-on, interactive learning experience as they use an iPad to navigate financial life choices. Key features of the space include a mini teller line, video screens showing advice from the bank’s Better Money Habits, and a mock ATM so students can learn to feel comfortable going into the bank and making informed financial decisions.

‘Innovative space’

“We are extremely proud to unveil this innovative financial education space at Junior Achievement of Southeastern Michigan Finance Park,” said Matt Elliott, Michigan Market President for Bank of America. “At Bank of America, we believe in the importance of financial literacy, and our partnership with Junior Achievement allows us to meaningfully invest in the financial wellbeing of future generations for the communities we serve.”

The JA Finance Park, open since 2006, partners with a wide variety of businesses. Bank of America first opened its space in the Finance Park in 2008.

“We are grateful to Bank of America for their unwavering commitment to empowering the next generation of metro Detroit leaders. Their philanthropic and volunteer support of JA Finance Park Detroit is a testament to their dedication to providing our youth financial literacy, and their branded presence in JA Finance Park will enhance our young visitors’ experience,” said Jason D. Lee, President & CEO, JA of Southeastern Michigan.

Donation to Junior Achievement

As a part of their partnership, Bank of America donated $50,000 to Junior Achievement this year.

“This donation will help us achieve our goal of making financial literacy accessible to young people and creating more financially secure communities for future generations,” Elliott said.