Black America Needs A âNew Normalâ: Equitable Credit Access To Build Wealth
April 2, 2021
By Charlene Crowell
(Trice Edney Wire) – Over the past year, the COVID-19 pandemic has imposed dual crises. Over 542,000 Americans lives were lost and continue to increase. At the same time, the rippling effects of a massive economic downturn has caused the nation to lose 9.5 million jobs – more losses than even those of the Great Recession, finds the University of New Hampshireâs Carsey School of Public Policy.
Although many officials have called for a âreturn to normalâ, millions of small businesses and communities need something new instead. In Black America especially, the âold normalâ never delivered equitable access to wealth-building opportunities as those that well-served served much of white America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and o
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DALLAS, March 15, 2021 /PRNewswire/ Comerica and the Comerica Charitable Foundation announced today a commitment to invest approximately $16 million in 2021 to support small businesses and communities impacted by COVID. This support is in addition to the $11 million in 2020 that was directed toward small business relief and nonprofits providing essential needs, such as food and supplies – as a result of the pandemic – in Comerica s footprint of Texas, Michigan, California, Arizona and Florida. As our communities persevere through the ongoing pandemic, we remain focused on supporting and partnering with organizations serving those disproportionately impacted by COVID-19, said Curt Farmer, Chairman and CEO, Comerica Incorporated and Comerica Bank. The pandemic has created unparalleled hardships for our communities, and we aim to help alleviate many of the challenges they face.
Comerica Bank Appoints Summer Faussette National African American Business Development Manager
By Sentinel News Service
Published March 10, 2021
Comerica Bank announced it has appointed Summer Faussette as its National African American Business Development Manager supporting its ongoing commitment to building strong relationships with African American business leaders, entrepreneurs and communities across all markets. These responsibilities are an extension of Faussette’s current role as vice president, External Affairs – Arizona.
Comerica National African American Business Development Manager, Summer Fausette. Courtesy Photo.
As National African American Business Development Manager, Faussette will collaborate with Comerica’s African American Business Resource Groups, Chief Diversity Officer Nate Bennett, and Chief Community Officer Irvin Ashford, Jr. on building external partnerships with African American nonprofit organizations across the bank’s national footprint.
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