Pure Michigan - Microlending Initiative

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As Michigan continues its nationally recognized economic recovery, we are seeing
entrepreneurs, small and micro-sized business owners filling the market gaps. These individuals are creating new business opportunities all over the state. On September 22nd, Huntington Bank will visit Pontiac to promote a plan designed to continue this growth with a special focus on increasing the number of Michigan minority and women-owned businesses.

We invite you to join us in a private discussion in your community on this microlending initiative so that you may help connect our team to the business ideas and people that this program will benefit. We have a substantial financial opportunity designed to support start-up and growth funding for a number of Michigan small businesses. We have scheduled our stop in Pontiac on September 22nd, from 11:00 a.m. - 12:00 p.m. at the Pontiac Public Library, 60 E. Pike Street, Pontiac, MI 48342.

RSVP to Courtney Elledge courtney.elledge@huntington.com or 248-637-8214 to confirm your attendance. Please feel free to let us know if you have another guest you would like us to invite.

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Partners for Progress: Teamwork guides multi-million-dollar neighborhood fund

Partners for Progress: Teamwork guides multi-million-dollar neighborhood fund

Christine Coady Narayanan, CEO of Opportunity Resource Fund, wants to see DSNI improve on the Midtown model in outlying neighborhoods targeted through the partnership. She describes Opportunity Resource Fund as a “character lender,” not one bound by credit profiles.

The Opportunity Resource Fund came into Detroit in 2011. Since then it has loaned about $1.2 million in mortgages with no defaults.

“Midtown invested alternative capital where it was needed,” Narayanan says, “not necessarily where there was return on investment.”

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JPMorgan Chase Commits $5 Million to Detroit’s New $30 Million Strategic Neighborhood Fund

JPMorgan Chase’s PRO Neighborhoods initiative provides the necessary capital to local community development financial institutions (CDFIs) to address the drivers of economic opportunity in neighborhoods. These CDFIs work together to pool resources and expand lending activities for building health and education facilities, open retail centers and support community services in area neighborhoods.

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