{"id":403907,"date":"2020-12-21T13:06:08","date_gmt":"2020-12-21T18:06:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403907"},"modified":"2020-12-21T13:06:08","modified_gmt":"2020-12-21T18:06:08","slug":"comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\/","title":{"rendered":"Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n DALLAS<\/span>, Dec. 21, 2020<\/span> \/PRNewswire\/ — Comerica Bank announced today it is investing $250,000<\/span> in Community Development Financial Institution (CDFI) DreamSpring to help small businesses sustain in its Dallas<\/span> and Phoenix<\/span> markets, as the pandemic continues to be a hardship on this sector.<\/p>\n

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\n \"Comerica
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“CDFI’s play a vital role in providing the engine of our economy relief during economic crises,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr.<\/span> “At Comerica, we are committed to assisting the communities we serve navigate through these difficult times by collaborating with nonprofit organizations like DreamSpring to support inclusive recovery efforts.”<\/p>\n

For the past 26 years, DreamSpring has funded business dreams while vitalizing communities.\u00a0 The award-winning nonprofit organization works with a diverse group of business owners, each with unique needs and circumstances. DreamSpring is often able to provide flexible financial products that effectively address the needs of the community when traditional sources cannot.<\/p>\n

“During the pandemic underserved communities;\u00a0including people of color, low income and rural communities have been disproportionately hit harder,” Brad Woodward<\/span>, DreamSpring Director of Marketing and Communications, said. “With the support and investment from Comerica we’re going to be able to get rapid funding in the hands of the small businesses that need it most. We’ll also be able to recirculate that capital over time and help more underserved borrowers realize their dreams. With partners like Comerica we can continue to fuel the access to capital, increase lending capacity and grow impact.”<\/p>\n

To date, Comerica Bank and the Comerica Foundation has invested more than $9 million<\/span> in COVID-19 relief efforts for small business and community programming support.\u00a0 These funds have primarily been deployed to Community Development Financial Institutions to support strategic programs designed to meet the needs of small and micro businesses and underserved communities across the bank’s five-state geographical footprint.\u00a0 Community service organizations that provide services to youth, seniors and other vulnerable populations also have received grants as part of this effort, particularly those organizations addressing food insecurities and access to health care.\u00a0<\/p>\n

\n About Comerica Bank<\/b>\n <\/p>\n

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 DreamSpring<\/b>\n <\/p>\n

Founded in Albuquerque<\/span> in 1994, DreamSpring is a nonprofit organization that increases access to business credit, makes loans and provides support to enable entrepreneurs to realize their dreams and be catalysts for positive economic and social change. Serving\u00a0Arizona, Colorado<\/span>, Georgia<\/span>, Nevada<\/span>, New Mexico<\/span>, North Carolina<\/span> and Texas<\/span>, DreamSpring is dedicated to helping entrepreneurs and business owners generate income, build assets, create jobs and achieve financial well-being through business ownership.\u00a0DreamSpring has provided more than 16,000 loans totaling over $170 million<\/span> to entrepreneurs in 677 communities. The small businesses funded by the organization have created or sustained an estimated 22,600 jobs.\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/comerica-bank-provides-250-000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment-301196944.html<\/a><\/p>\n

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

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire DALLAS, Dec. 21, 2020 \/PRNewswire\/ — Comerica Bank announced today it is investing $250,000 in Community Development Financial Institution (CDFI) DreamSpring to help small businesses sustain in its Dallas and Phoenix markets, as the pandemic continues to be a hardship on this sector. “CDFI’s play a vital role in providing the engine of our economy relief during economic crises,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr. “At Comerica, we are committed to assisting the communities we serve navigate through these difficult times by collaborating with nonprofit organizations like DreamSpring to support inclusive recovery efforts.” For the past 26 years, DreamSpring has funded business dreams while vitalizing communities.\u00a0 The award-winning nonprofit organization works with a diverse group … <\/p>\n

Continue reading “Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment”<\/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-403907","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nComerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment - 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-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Dec. 21, 2020 \/PRNewswire\/ — Comerica Bank announced today it is investing $250,000 in Community Development Financial Institution (CDFI) DreamSpring to help small businesses sustain in its Dallas and Phoenix markets, as the pandemic continues to be a hardship on this sector. “CDFI’s play a vital role in providing the engine of our economy relief during economic crises,” said Comerica Bank Chief Community Officer Irvin Ashford, Jr. “At Comerica, we are committed to assisting the communities we serve navigate through these difficult times by collaborating with nonprofit organizations like DreamSpring to support inclusive recovery efforts.” For the past 26 years, DreamSpring has funded business dreams while vitalizing communities.\u00a0 The award-winning nonprofit organization works with a diverse group … Continue reading "Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T18:06:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/73848\/comerica_bank_logo.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=\"3 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-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment\",\"datePublished\":\"2020-12-21T18:06:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/\"},\"wordCount\":542,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/73848\\\/comerica_bank_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/comerica-bank-provides-250000-in-support-to-dallas-and-phoenix-area-small-businesses-through-dreamspring-investment\\\/\",\"name\":\"Comerica Bank Provides $250,000 in Support to Dallas and Phoenix Area Small Businesses Through DreamSpring Investment - 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