{"id":387810,"date":"2020-11-24T10:03:27","date_gmt":"2020-11-24T15:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387810"},"modified":"2020-11-24T10:03:27","modified_gmt":"2020-11-24T15:03:27","slug":"comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\/","title":{"rendered":"Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NAPLES, Fla.<\/span>, Nov. 24, 2020<\/span> \/PRNewswire\/ —\u00a0Comerica Bank announced today it has made a $250,000<\/span> investment in Ascendus’ small business lending program, which will give Collier County<\/span> small businesses access to much-needed capital in the wake of the COVID-19 crisis.\u00a0 <\/p>\n

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“In response to the pandemic, we’ve prioritized our giving to\u00a0support strategic programs designed to meet the needs of small and micro businesses, the anchor of our economy,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr.<\/span>\u00a0 “Community Development Financial Institutions like Ascendus are able to provide affordable lending with more flexible terms than traditional financial institutions, increasing their capacity to assist under-resourced entrepreneurs and small businesses that have been disproportionately impacted this year.”<\/p>\n

Ascendus, formerly Accion East, empowers low- to moderate-income (LMI) business owners with financial assistance and education. With economic opportunity, these entrepreneurs \u2013 often individuals of color and women \u2013 can build assets, better provide for their families, create employment opportunities for their neighbors, and strengthen their communities.<\/p>\n

“Ascendus believes in creating a world of financial ascension for all,” said Paul Quintero<\/span>, CEO of Ascendus. “For small business owners in Collier County<\/span>, this means access to capital to manage through this pandemic.\u00a0 Thanks to the grant from Comerica, Ascendus now has the kind of flexible capital needed to support Collier County’s<\/span> businesses at this very difficult moment.” <\/p>\n

“As a relationship bank, our efforts to assist community during this critical time are ongoing,” said Mo Corker Florida External Affairs Manager. “Our partnership with Ascendus will play a vital role in Collier County’s<\/span> economic recovery.” <\/p>\n

To date, Comerica Bank and the Comerica Foundation has invested more than $9 million<\/span> in community programming support and businesses impacted by the COVID-19 crisis across its five-state footprint.\u00a0 <\/p>\n

\n About Comerica Bank
<\/b>Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in\u00a0Dallas, Texas<\/span>, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to\u00a0Texas, Comerica Bank locations can be found in\u00a0Arizona,\u00a0California,\u00a0Florida\u00a0and\u00a0Michigan, with select businesses operating in several other states, as well as in\u00a0Canada\u00a0and\u00a0Mexico. Comerica reported total assets of\u00a0$83.6 billion\u00a0at\u00a0Sept. 30, 2020.\u00a0<\/b><\/p>\n

\n About Ascendus
<\/b>Ascendus\u00a0is a nonprofit\u00a0small business\u00a0lender working to create economic opportunity by providing\u00a0entrepreneurs\u00a0with access to the capital and the business support they need to create and grow healthy enterprises and contribute to thriving local economies. Since 1991,\u00a0Ascendus\u00a0has provided more\u00a0than\u00a0$200\u00a0million to\u00a025,000\u00a0small businesses\u00a0owners\u00a0across the country.\u00a0For more information, visit\u00a0www.ascendus.org<\/u><\/a>\u00a0\u00a0<\/p>\n

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\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250-000-contribution-to-ascendus-301179387.html<\/a><\/p>\n

SOURCE Comerica Bank<\/p>\n<\/p><\/div>\n

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PR Newswire NAPLES, Fla., Nov. 24, 2020 \/PRNewswire\/ —\u00a0Comerica Bank announced today it has made a $250,000 investment in Ascendus’ small business lending program, which will give Collier County small businesses access to much-needed capital in the wake of the COVID-19 crisis.\u00a0 “In response to the pandemic, we’ve prioritized our giving to\u00a0support strategic programs designed to meet the needs of small and micro businesses, the anchor of our economy,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr.\u00a0 “Community Development Financial Institutions like Ascendus are able to provide affordable lending with more flexible terms than traditional financial institutions, increasing their capacity to assist under-resourced entrepreneurs and small businesses that have been disproportionately impacted this year.” Ascendus, formerly Accion East, empowers … <\/p>\n

Continue reading “Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387810","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nComerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NAPLES, Fla., Nov. 24, 2020 \/PRNewswire\/ —\u00a0Comerica Bank announced today it has made a $250,000 investment in Ascendus’ small business lending program, which will give Collier County small businesses access to much-needed capital in the wake of the COVID-19 crisis.\u00a0 “In response to the pandemic, we’ve prioritized our giving to\u00a0support strategic programs designed to meet the needs of small and micro businesses, the anchor of our economy,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr.\u00a0 “Community Development Financial Institutions like Ascendus are able to provide affordable lending with more flexible terms than traditional financial institutions, increasing their capacity to assist under-resourced entrepreneurs and small businesses that have been disproportionately impacted this year.” Ascendus, formerly Accion East, empowers … Continue reading "Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T15:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1341150\/Ascendus.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus\",\"datePublished\":\"2020-11-24T15:03:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/\"},\"wordCount\":458,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1341150\\\/Ascendus.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-to-provide-economic-relief-to-collier-county-small-businesses-with-250000-contribution-to-ascendus\\\/\",\"name\":\"Comerica Bank to Provide Economic Relief to Collier County Small Businesses With $250,000 Contribution to Ascendus - 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