{"id":831669,"date":"2025-03-31T09:05:06","date_gmt":"2025-03-31T13:05:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\/"},"modified":"2025-03-31T09:05:06","modified_gmt":"2025-03-31T13:05:06","slug":"fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\/","title":{"rendered":"Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants"},"content":{"rendered":"

<\/p>\n

Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants<\/b><\/p>\n

Inaugural grants will drive growth, broaden financial access for small businesses<\/i><\/p>\n

CINCINNATI–(BUSINESS WIRE<\/a>)–
\nNearly 50 small businesses across the U.S. have been awarded $5,300 grants from the Fifth Third Small Business Catalyst Fund to broaden financial access and help drive future growth.\n<\/p>\n

\nThe Small Business Catalyst Fund empowers small businesses across Fifth Third\u2019s 11-state footprint to grow and create jobs in their communities and to build a more equitable small business ecosystem. The grants are the first awards from the $7.85 million fund, which Fifth Third (NASDAQ: FITB) launched last fall in partnership with the Community Reinvestment Fund, USA (CRF).\n<\/p>\n

\n“At Fifth Third, we are committed to increasing financial access and mobility in all of the communities we serve,\u201d said Kala Gibson, chief corporate responsibility officer for Fifth Third. \u201cThese inaugural grants from our Small Business Catalyst Fund will help locally-owned businesses across our footprint continue to grow and thrive. Small businesses form the foundation of our communities \u2013 and when they succeed, we all succeed.\u201d\n<\/p>\n

\nThe Small Business Catalyst Fund helps small and micro business owners obtain working capital when traditional lending is not an option by connecting them with potential capital options offered by trusted Community Development Financial Institutions (CDFIs). The program utilizes an innovative funding model that combines grants, micro loans and small business loans ranging from $5,000 to $750,000 to small businesses at various stages of maturity.\n<\/p>\n

\n\u201cSmall businesses are essential to the success and vibrancy of communities across the country, yet many face significant challenges in securing the financing they need to grow,\u201d said Alexis Dishman, SVP & Chief Lending Officer for CRF. \u201cIn collaboration with Fifth Third Bank and our CDFI partners, CRF aims to expand financial opportunities and accelerate small business momentum through the creation of this innovative fund.\u201d\n<\/p>\n

\nGrant recipients include The Country Meat Co. Marketplace in Cincinnati\u2019s Avondale neighborhood. Locally-owned and operated, The Country Meat Co. Marketplace became the Avondale community\u2019s first grocery store in 17 years when it opened in February.\n<\/p>\n

\n\u201cFifth Third\u2019s support will help ease food related financial strain for members of the Avondale community as well as providing access to nutritional education and essential support,\u201d said co-owner Tennel Bryant.\n<\/p>\n

\nThe Small Business Catalyst Fund is funded by the Fifth Third Foundation, the Fifth Third Bank Community Development Corporation, and Rockefeller Philanthropy Advisors. CRF administers the fund\u2019s grants and small business loans and works alongside two regional CDFI microlending partners who focus on microloans and technical assistance: Ohio-based Economic & Community Development Institute (ECDI), and New York-based Ascendus.\n<\/p>\n

\nFifth Third has a proven track record of prioritizing financial access and community development through its Neighborhood Program, which creates and implements innovative place-based strategies to effect positive change in nine historically disinvested neighborhoods across the Bank\u2019s 11-state footprint. Fifth Third launched its neighborhood program in 2021, taking a place-based approach to community development where the Bank works with a lead partner organization and other local organizations to build ecosystems that drive real change through both financial and social investments. This collective ecosystem approach is focused on identifying solutions to key challenges in partnership with the community, with the goal of creating lasting, transformative change.\n<\/p>\n

\nA full list of grant recipients and more information is available at www.SmallBusinessCatalystFund.com<\/a>.\n<\/p>\n

About the Fifth Third Foundation<\/b><\/p>\n

\nEstablished in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. The Fifth Third Foundation supports worthy causes in the areas of health and human services, education, community development and the arts in the states where Fifth Third Bank operates.\n<\/p>\n

About Fifth Third<\/b><\/p>\n

\nFifth Third is a bank that\u2019s as long on innovation as it is on history. Since 1858, we\u2019ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it\u2019s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere\u2019s World\u2019s Most Ethical Companies\u00ae<\/sup> for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation\u2019s highest performing regional bank, but to be the bank people most value and trust.\n<\/p>\n

\nFifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ\u00ae<\/sup> Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com<\/a>. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.\n<\/p>\n

About Community Reinvestment Fund, USA<\/b><\/p>\n

\nFounded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. CRF has injected more than $3.6 billion to stimulate job creation, economic development, and support community facilities. To learn more about CRF, visit www.crfusa.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250331180553\/en\/<\/a><\/span><\/p>\n

\nAmanda Nageleisen (Media Relations)
\n
amanda.nageleisen@53.com
\n<\/a>
Matt Curoe (Investor Relations)
\n
matt.curoe@53.com<\/a> | 513-534-2345\n<\/p>\n

KEYWORDS:<\/b> United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Philanthropy Other Philanthropy Finance Foundation Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants Inaugural grants will drive growth, broaden financial access for small businesses CINCINNATI–(BUSINESS WIRE)– Nearly 50 small businesses across the U.S. have been awarded $5,300 grants from the Fifth Third Small Business Catalyst Fund to broaden financial access and help drive future growth. The Small Business Catalyst Fund empowers small businesses across Fifth Third\u2019s 11-state footprint to grow and create jobs in their communities and to build a more equitable small business ecosystem. The grants are the first awards from the $7.85 million fund, which Fifth Third (NASDAQ: FITB) launched last fall in partnership with the Community Reinvestment Fund, USA (CRF). “At Fifth Third, we are committed to increasing financial … <\/p>\n

Continue reading “Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants”<\/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-831669","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants - 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\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants Inaugural grants will drive growth, broaden financial access for small businesses CINCINNATI–(BUSINESS WIRE)– Nearly 50 small businesses across the U.S. have been awarded $5,300 grants from the Fifth Third Small Business Catalyst Fund to broaden financial access and help drive future growth. The Small Business Catalyst Fund empowers small businesses across Fifth Third\u2019s 11-state footprint to grow and create jobs in their communities and to build a more equitable small business ecosystem. The grants are the first awards from the $7.85 million fund, which Fifth Third (NASDAQ: FITB) launched last fall in partnership with the Community Reinvestment Fund, USA (CRF). “At Fifth Third, we are committed to increasing financial … Continue reading "Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-31T13:05:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250331180553r1&sid=flmnd&distro=nx&lang=en\" \/>\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=\"4 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\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants\",\"datePublished\":\"2025-03-31T13:05:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/\"},\"wordCount\":905,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250331180553r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-small-business-catalyst-fund-awards-nearly-250000-in-grants\\\/\",\"name\":\"Fifth Third Small Business Catalyst Fund Awards Nearly $250,000 in Grants - 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