Bank of America (BofA) has partnered with Tory Burch Foundation (TBF) to launch Elizabeth Street Capital, a new initiative to provide low-cost capital, mentoring support and networking opportunities to early-stage women entrepreneurs in the US. Under the initiative, BofA will provide $10 million in low-cost capital, while additional funds for operating the businesses will be shared by both TBF and BofA. The Elizabeth Street Capital will initially support women entrepreneurs in Boston, Charlotte, Las Vegas, New York, Philadelphia, and San Francisco, with plans to expand to additional markets in the next two years.