Comerica Bank Contributes $520,000 to 17 N. California Organizations
October 27 2003 - 1:00PM
PR Newswire (US)
Comerica Bank Contributes $520,000 to 17 N. California
Organizations SAN JOSE, Oct. 27 /PRNewswire/ -- Comerica Bank
announced today that it is making substantial contributions to 17
very deserving community-based organizations in Northern
California. The grants are the bank's way of supporting the work
these agencies do in providing technical assistance to small
business and affordable housing providers who focus on low-income,
minority, disabled and woman-owned small businesses. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO ) Executives
from the agencies selected will receive contribution checks
totaling $520,000 during a special ceremony on Oct. 27 in the
executive boardroom at Comerica's California headquarters in San
Jose. The contributions are part of a CRA grant program being
implemented by Comerica Bank in which a total of $997,500 is being
donated to 35 organizations in California and the state of
Washington this fall. California Community Economic Development
Association (CCEDA), Oakland, $25,000 - This organization helps to
revitalize California's low-income neighborhoods through public
policy, training opportunities and by offering Individual
Development Accounts (IDA). - Ralph Lippman, Executive Director,
(213) 353-1676. Oakland Citizens Committee for Urban Renewal
(OCCUR), Oakland, $25,000 - The organization supports low-income
communities by providing a One-Stop Consumer Information Kiosk
Project, technical assistance and financial literacy to
individuals. - Comerica's funds will be used to support the
Eastmont Computing Center, providing technology access, education,
content creation and workforce development for low- and
moderate-income individuals in the greater Oakland/East Bay area. -
David Glover, Executive Director, (510) 839-2440. California
Association for Microenterprise Opportunities (CAMEO), Oakland,
$25,000 - The organization provides opportunities for low-income
individuals and communities by offering training and technical
assistance to microenterprise service providers. - Catherine
Marshall, CEO, (510) 238-8360. Boys and Girls Club of Fresno
County, Fresno, $25,000 - Through computer and art education, as
well as one-on-one tutoring and mentoring, this organization
inspires and empowers community youth, especially those from
disadvantaged circumstances, to realize their full potential. -
Kenneth Quenzer, President & CPO, (559) 266-3117. Fresno West
Coalition for Economic Development, Fresno, $25,000 - The mission
of the organization is to improve the physical and socioeconomic
conditions of Southwest Fresno through affordable rental housing
for low-income residents of the community. - Keith Kelley,
Executive Director, (559) 485-1273. Nehemiah Corporation of
California, Sacramento, $25,000 - The organization serves as a
catalyst for urban wealth creation and economic empowerment by its
direct provision of home ownership, affordable housing and by
providing support to other faith-based, community-based
organizations. The organization's down-payment gift assistance
program has been nationally recognized. - Hazaiah Williams,
Executive Director, Nehemiah Community Foundation, (916) 231-1999,
ext. 1126. California Capital Small Business Development
Corporation, Sacramento, $40,000 - This non-profit organization
acts as an intermediary between banks and borrowers by providing
loan guarantees, direct loans, and financial literacy education to
small businesses throughout Northern California. - Clarence
Williams, President, (916) 442-1729. Women's Initiative for Self
Employment, San Francisco, $25,000 - The organization offers
workshops, support services and business consulting to low-income
women of diverse ethnic backgrounds, which allows them to become
economically self-sufficient through entrepreneurial activities. -
Julie Abrams, Executive Director, (415) 247-9473. Earn Asset
Resource Network (EARN), San Francisco, $25,000 - The organization
allows low-income individuals to establish Individual Development
Accounts (IDA) and enables them to receive a 2-for-1 match on all
dollars invested. The IDAs allow families to achieve their goal of
home ownership, post-secondary education or certified training; or
micro-enterprise development or capitalization. - Ben Mangan,
Executive Director, (415) 217-3662. Sacred Heart Community
Services, San Jose, $50,000 - The organization provides basic need
services such as food, clothing, emergency assistance for housing,
utilities, daycare and job referral services to low-income San Jose
residents. - Amari Romero Vorwerk, Executive Director, (408)
278-2175. Resource Area for Teachers (RAFT), San Jose, $25,000 -
The organization provides low-cost interactive learning materials
to Bay Area teachers, non-profit organizations and community
groups. - Mary Simon, Executive Director, (408) 451-1420. Kidz
& Company (KC), San Jose, $25,000 - This organization empowers
the low-income youth of Santa Clara County to take responsibility
for their academic, mental, physical and social well-being through
a supportive network of after school academic and athletic
programs. - Himiko Hill, President & CEO, (408) 225-8659. Santa
Cruz Community Counseling Center, Inc., Santa Cruz, $25,000 - The
organization supports low-income individuals who are unemployed,
physically disabled and suffer with severe mental illness by
providing affordable housing opportunities. - Paul O'Brien,
Executive Director, (831) 469-1700, ext. 104. YMCA of Monterey
Peninsula, Salinas, $25,000 - The organization provides outreach,
summer camps, afterschool care, theater programs, and scholarships
for low-income individuals. - Brad Russell, Executive Director,
(831) 373-4167. Special Organizations Receiving Technical
Assistance Initiative Awards: Renaissance Entrepreneurship Center,
San Francisco, $40,000 CEO - Sharon Miller (415) 541-8580
Renaissance Entrepreneurship Center is a non-profit microenterprise
development organization that provides business training and
support services to emerging and established entrepreneurs. By
fostering the creation of sustainable new businesses and new jobs,
Renaissance helps individuals achieve financial self-sufficiency
through self-employment and strengthens underserved communities
through lasting economic development. Renaissance has served more
than 2,500 clients since opening in 1985. For more information:
http://www.rencenter.org/ . East Bay Asian Local Development
Corporation, Oakland, $50,000 Program Manager - Helen Shor (510)
287-5353 The East Bay Asian Local Development Corporation is a
non-profit community development corporation dedicated to fostering
strong communities through the development of affordable housing
and economic opportunities for communities in the East Bay,
particularly the low-income and Asian and Pacific Islander
population. For more information: http://www.ebaldc.org/ . Valley
Small Business Development Corporation, Fresno, $40,000 CEO -
Michael Foley (559) 438-9680 Valley Small Business Development
Corporation is a non-profit, non-bank, business and financial
company that was incorporated in 1981. Valley is the only U.S.
Department of Treasury certified Community Development Financial
Institution (CDFI) in the Central Valley, which covers a
nine-county service area. Valley's mission is to make
unconventional financing available to small businesses and family
farms. In addition to providing direct loans and technical
assistance to small businesses and farms, Valley also issues loan
guarantees to participating financial institutions. For more
information: http://www.vsbdc.com/ . About Comerica Bank The
Western Division of Comerica Bank includes more than 70 offices (42
branches) in California, Arizona, Colorado, Oregon and Washington.
National businesses originating from the Western Division include
Small Business Administration Lending, which has 31 offices in 14
states; and Technology and Life Sciences, with offices in major
technology centers nationwide. Comerica Bank is a subsidiary of
Comerica Incorporated (NYSE:CMA), a financial services company
strategically aligned into the Business Bank, Small Business
Banking & Personal Financial Services, and Wealth &
Institutional Management. Comerica focuses on relationships and
helping businesses and people be successful. Comerica Incorporated
reported total assets of $55 billion at September 30, 2003. To
receive e-mail alerts of breaking Comerica news, go to
http://www.comerica.com/newsalerts .
http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO DATASOURCE:
Comerica Bank CONTACT: Keith Turner of Comerica Bank,
+1-408-556-5111, Web site: http://www.comerica.com/
http://www.rencenter.org/ http://www.ebaldc.org/
http://www.vsbdc.com/ http://www.comerica.com/newsalerts
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