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Comerica Bank Partners with Grand Rapids Opportunities for Women to Host Virtual Business $ense Boot Camp Series

Boot Camp will offer three events to support west Michigan entrepreneurs and small businesses

GRAND RAPIDS, MICH., JUNE 25, 2020 – Comerica Bank today announces its partnership with Grand Rapids Opportunities for Women (GROW) to host a virtual Business $ense Boot Camp, including three events aiming to provide resources and support to small west Michigan businesses as they recover and reopen amid COVID-19.

“Comerica remains committed to supporting small businesses and entrepreneurs in Michigan,” said Debra Van Hevele, Comerica Bank senior vice president, retail regional director. “The global pandemic has created devastating challenges for business owners. Comerica’s partnership with GROW and our Business $ense Boot Camp will allow participants to connect with valuable resources and interact with like-minded entrepreneurs that will offer an opportunity to provide clarity and renewed energy to tackle small business goals.”

Comerica’s one-hour Zoom events will take place on:

  • June 30: Credit History. The focus will be on cleaning up a credit report, preparing for access to capital and understanding how credit history effects business operations.
  • July 28: Understanding Your Financials – Part 1. How to read, review and understand balance sheets, PNLs and other key business statements.
  • August 25: Understanding Your Financials – Part 2. How to read, review and understand balance sheets, PNLs and other key business statements.

“Now more than ever we are committed to expanding the resources that we provide to west Michigan entrepreneurs spanning nine regional counties,” said Bonnie Nawara, GROW CEO. “We are honored to partner with Comerica to provide small businesses with connections and professional services to help grow and recover from the pandemic.”

GROW is focused on current and aspiring business owners at various stages of business ownership. The organization connects entrepreneurs with mentors, business coaches, counselors and peers to help build professional networks. GROW offers professional services that support business assessment, planning, training and education. Additionally, GROW provides business loans and lending options, designed to help entrepreneurs start or grow their small businesses, especially when traditional financing is not available. The organization provided a COVID-19 working capital loan earlier this spring to those whose businesses were directly impacted by COVID 19.

Comerica Bank is also hosting a Business $ense Boot Camp in the Detroit market to aid entrepreneurs and small businesses. Additionally, Comerica Bank and Comerica Charitable Foundation are investing $8 million in COVID-19 relief efforts for small businesses and community programming. Comerica Bank has been helping small businesses succeed for 171 years and will continue to do so.

About Comerica Bank

Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back 170 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and has more than 4,700 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit’s downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Follow on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @comerica_bank.

About Grand Rapids Opportunities for Women

GROW is a service focused on under-served entrepreneurs at various stages of business ownership. We are a unique resource that helps individuals take the next step, empowering and supporting them with professional expertise for a lifetime. As a 31-year-old organization, GROW has worked to provide thousands of entrepreneurs with skills and tools including access to capital through our lending program, opportunities for networking, and collaborative events with other community nonprofits. GROW offers classes, workshops, and one on one counseling to our clients to help them succeed. They provide technical assistance covers marketing, social media, search engine optimization, strategic planning, branding, financial analysis, and business insurance. GROW has offices in Grand Rapids as well as Muskegon area to serve a wide variety of clients in the West Michigan area.