BMO’s innovative inclusive workforce development program BMORE expands to western U.S., surpasses 100th hire
BMO has announced the expansion of BMORE, our innovative inclusive workforce development program that removes barriers to employment and increases access to careers in banking and finance, to support the progress of historically underserved communities. BMORE is now available in Phoenix and will launch in Los Angeles in mid-2024, joining Chicago, Milwaukee and Madison, Wisconsin.
“BMORE is about connecting with our local communities to develop a pipeline of diverse talent and pathways to better-paying careers within the banking and financial services industry. Not only is BMO opening up new doors to those in historically undeserved communities, but through our BMORE hires, we are also able to build deeper relationships with our customers to help them make real financial progress.”
– Carolyn Booth
Head of U.S. Distribution for U.S. Personal and Business Banking at BMO
BMO launched BMORE three years ago in partnership with our Chicago partner for the program, Cara Collective, a workforce development organization dedicated to eradicating relational and financial poverty. Since then, 103 associate bankers have been hired through BMORE across Chicago, Milwaukee and Madison. The program recruits job seekers with transferable skills and experience beyond banking, and once hired, provides intentional onboarding and ongoing mentorship. To date, $500,000 has been invested by BMO in Cara Collective to recruit, train and retain job seekers.
“BMO’s BMORE program exemplifies how we are living out our Purpose, to Boldy Grow the Good in business and life. We are thrilled to welcome the program to the broad talent pool in Arizona and I look forward to continue growing the program across our footprint.”
– Bernard Narine
Regional President and Head of Retail Banking, U.S. Southern Region at BMO
BMORE receives Austin Coming Together’s Excellence in Living Wage Careers award
BMO and Cara Collective also recently received Austin Coming Together’s (ACT) Excellence in Living Wage Careers award for BMORE’s work to attract talent from under-resourced communities like Chicago’s Austin neighborhood.
ACT is a membership-based community organization that focuses on early childhood, youth, workforce and infrastructure issues. It also offers assistance for housing, employment, internet service and utilities for residents. Each year, the organization recognizes companies and individuals making significant contributions to advancing its mission of creating conditions for a thriving Austin.
Read our case study to learn how BMO and Cara Collective created BMORE.