Comerica Bank is contributing $112,000 to Grand Rapids Opportunities for Women to aid West Michigan entrepreneurs and small businesses.
The bank and GROW said in a joint statement that Comerica is donating the sum to GROW for its Business $ense Boot Camps. The next camp is scheduled for Tuesday.
Comerica’s investment in GROW supports the organization’s efforts to provide critical capital and financial resources and technical assistance to small businesses as they recover and reopen amid the COVID-19 pandemic.
“In helping GROW stabilize and develop entrepreneurial viability and growth, we understand that small businesses need both financial and technical resources to serve their customers and communities,” said Debra Van Hevele, Comerica Bank senior vice president, retail regional director. “Small businesses impact families and neighborhoods through their services and job opportunities, and our partnership pools valuable resources to support the recovery of businesses affected by the COVID-19 pandemic.”
Comerica’s $112,000 contribution is another step in its support of GROW over recent months. Since June, Comerica has partnered with GROW to provide technical services to small business owners through Business $ense Boot Camp events.
“We appreciate Comerica Bank’s partnership and contribution so we can help small businesses overcome the unforeseen challenges COVID-19 has presented,” said Bonnie Nawara, CEO of GROW. “With these funds, we will be able to continue to provide lending opportunities to entrepreneurs in West Michigan, and the next Business $ense Boot Camps will help small businesses connect to tools and information that will help them reach their goals.”
Comerica kicked off its partnership with GROW more than two decades ago to support small businesses. In June, Comerica and GROW launched a virtual business boot camp series focused on credit history.
Thus far, Mike DeMartelaere, Comerica Bank external affairs leader and Marci Chapin, vice president, business banking, have led Comerica’s Business $ense Bootcamps with GROW focused on numerous topics.
DeMartelaere and Chapin will again co-lead the fourth session of the series Tuesday, and it will focus on credit history — cleaning up a credit report, preparing for access to capital and understanding how credit history affects business operations.
Those interested can learn more and register online.