Fifth Third Bank Unveils Game-Changing $7.85M Fund Supporting Local Businesses
Summary
In collaboration with Fifth Third Bank and our CDFI partners, CRF aims to expand financial opportunities and accelerate small business momentum through the creation of this innovative fund.Grant recipients include The Country Meat Co. CRF administers the funds grants and small business loans and works alongside two regional CDFI microlending partners who focus on microloans and technical assistance: -based Economic & Community Development Institute (ECDI), and -based Ascendus.Fifth Third has a proven track record of prioritizing financial access and community development through its Neighborhood Program, which creates and implements innovative place-based strategies to effect positive change in nine historically disinvested neighborhoods across the Banks 11-state footprint. This collective ecosystem approach is focused on identifying solutions to key challenges in partnership with the community, with the goal of creating lasting, transformative change.A full list of grant recipients and more information is available at www.SmallBusinessCatalystFund.com.About the Fifth Third FoundationEstablished in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. Since 1858, weve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and its one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact.