PHOTO CREDIT: Sandy Pierce, Huntington’s director of Private Banking, Insurance Agency, Vehicle Finance and Regional Banking and chair in Michigan
by: WOODTV.com staff
GRAND RAPIDS, Mich. (WOOD) — During governor Whitmer's latest COVID-19 update, Huntington Bank announced it will devote $5 billion in the next five years to help small businesses and encourage economic opportunity in Michigan.
During comments at today's briefing, Sandy Pierce, Huntington’s director of Private Banking, Insurance Agency, Vehicle Finance and Regional Banking and chair in Michigan said the bank plans on three basic prongs of its plan to support small businesses, consumers and communities: It will increase access to capital, with a focus on minority-, women- and veteran-owned businesses.
Pierce said the bank is going to offer more business planning and education programs to help those individual businesses succeed. It will offer more lending to encourage home ownership by low- and moderate-income buyers. It will also back community-led affordable housing, food aid, workforce development and social equity projects.
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