Bank of America has launched its Neighborhood Champions program in the Fresno area, selecting its first nonprofit organizations for a $50,000 grant.

As the inaugural awardee, the Central Valley Community Foundation will use the grant to create an online dashboard to track economic indicators as part of its DRIVE Initiative (Developing the Region’s Inclusive and Vibrant Economy.)

DRIVE is a 10-year investment effort to grow the region’s economy, hoping to address issues such as economic mobility, racial disparity and a sustainable environment.

More information about DRIVE will be unveiled during the California Economic Summit Nov. 7-8 in Fresno.

“We’re thrilled to bring the neighborhood Champions program to Frenso/Visalia,” said Mark Riley, area market president for Bank of America. “Promoting the region’s economy is an important priority for the bank and we’re thrilled that we can provide funding to help CVCF’s impact, growth and longterm sustainability.”

Bank of America is also bringing the new program to 40 communities across the U.S. this fall.