DALLAS, Oct. 22,
2024 /PRNewswire/ -- The American Bankers Association
(ABA) recognized Comerica Bank for its impact in supporting
Southern Dallas small businesses
and nonprofits through Comerica BusinessHQ™, naming the program as
a winner of this year's ABA Foundation Community Commitment
Awards.
BusinessHQ earned the Community Commitment Award in the category
of Community & Economic Development, which will be presented
during the ABA's Annual Convention on Tuesday, Oct. 29, in New York City.
"We are extremely honored to earn this recognition and shine a
spotlight on the hard work that Comerica, its colleagues and
members of the community have put forth to make this project a
success," said Brandon Jones,
Comerica Senior Vice President, National External Affairs Manager
and BusinessHQ project lead. "BusinessHQ represents our commitment
to fostering the success of the Southern
Dallas community and its nonprofits and small businesses. By
providing support and access to critical resources, we are not only
supporting individual entrepreneurs but also ensuring the local
community continues to thrive for years to come."
Since opening its doors in 2023, BusinessHQ has served as a
collaborative business resource center that provides integral
services and value for high need, high opportunity small businesses
in the Southern sector of Dallas.
The 8,000-square foot space offers free workspaces, high speed
Wi-Fi, printing and scanning services, video conferencing rooms and
content creation rooms with green screens, backdrops and lighting
for business owners and entrepreneurs.
BusinessHQ was designed to function as part of the Southern Dallas small business ecosystem and
serve as an epicenter of vetted, credible community partners to
present effective and impactful small business incubation and
technical assistance. The program continues to assemble a robust
and growing roster of strategic community partners.
The program has delivered in serving the needs of small business
owners, entrepreneurs and nonprofits in Dallas' southern sector. The measurable impact
includes:
- 3,713 people served through programming
- $118,102 in no-cost coworking
provided to BusinessHQ members
- 528 hours of Community Reinvestment Act (CRA) technical
assistance programing hosted at BusinessHQ
- 199 total programs hosted
- $20,467 of in-kind rent provided
to in-house incubation partners
- 250 small business owners and non-profit members onboarded
***(Data is from May 2023 to
Sept. 2024)
The ABA Foundation Community Commitment Awards recognize banks'
extraordinary acts of service to support the people in their
communities and grow their local economies. The awards program
recognizes banks nationally among seven categories: affordable
housing, community & economic development, economic inclusion,
financial education, protecting older Americans, supporting
military families, and volunteerism. Award winners were chosen by a
field of nationally-recognized experts in each field.
The selection committee chose the winning banks based on the
creativity and thoughtfulness of programs – traditional or
innovation in nature and structure – that embody the ideals of
corporate social responsibility and demonstrate success in making
an impact.
"Comerica Bank's BusinessHQ program demonstrated the
extraordinary impact that banks can make in the communities they
serve," said Lindsay Torrico,
executive director, ABA Foundation. "We're proud to recognize them
as one of the 2024 Community Commitment Award winners and hope
their efforts will inspire others throughout the industry."
For more information about BusinessHQ visit
comerica.com/businesshq and for more information on the ABA
Foundation Community Commitment Awards, visit aba.com/awards.
This year, Comerica Bank celebrates its 175th
anniversary. A subsidiary of Comerica Incorporated (NYSE: CMA),
Comerica Bank is a financial services company headquartered in
Dallas, Texas, and is
strategically aligned by three business segments: The Commercial
Bank, The Retail Bank and Wealth Management. Comerica, one of the
25 largest commercial U.S. financial holding companies, focuses on
building relationships and helping people and businesses be
successful, providing nearly 380 banking centers across the country
with locations in Arizona,
California, Florida, Michigan and Texas. Founded on Aug.
17, 1849, in Detroit,
Michigan, Comerica continues to expand into new regions,
most recently in the Southeast, including North Carolina and Mountain West Market in
Colorado. Comerica has offices in
17 states and services 14 of the 15 largest U.S. metropolitan
areas, as well as Canada and
Mexico. Comerica reported total
assets of $79.7 billion at
Sept. 30, 2024. Learn more about how
Comerica is raising expectations of what a bank can be by
visiting www.comerica.com, and follow us
on Facebook, X, Instagram and LinkedIn.
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SOURCE Comerica Bank