DALLAS, April 30,
2024 /PRNewswire/ -- Comerica Bank announced today it
is expanding its regional partnership with the Network for Teaching
Entrepreneurship (NFTE) to multiple markets within its geographical
footprint. This $100,000 investment
will provide entrepreneurship education programming to more than
25,000 middle and high school students in under-resourced
communities who participate in NFTE's Aspiring Entrepreneurs
Program in California,
Florida, Michigan and Texas.
Comerica also will serve as a World Series of Innovation
Challenge sponsor, which introduces young people to the United
Nations Sustainable Development Goals and gives them an opportunity
to explore ideas of social and environmental justice while using
entrepreneurial skills to develop solutions to the most serious
challenges facing humanity.
"By igniting their entrepreneurial mindset, young people who
complete NFTE's program are more likely to engage in learning,
achieve their educational and career goals, launch new businesses,
have increased lifetime earnings, and feel greater job
satisfaction," said LaToya Rowell,
Comerica National Community Affairs Manager. "Our increased support
of NFTE is an invaluable investment in our future entrepreneurs,
innovators, problem-solvers and leaders."
NFTE appointed Rowell to its national board earlier this month
for her longtime support of the organization as well as the vital
role she has played in leading this regional partnership. Since
2023, nearly 200 Comerica colleagues have served as guest
speakers, coaches, and judges, logging more than 600 volunteer
hours to help guide 11,000 youth participating in NFTE's
programming. In 2022, NFTE named Comerica its South Region
Corporate Volunteer of the Year for the bank's support.
"Comerica Bank's extended partnership with NFTE is deeply
appreciated," said NFTE president & CEO Dr. J.D. LaRock. "The generous financial support not
only enables us to fuel the futures of even more diverse
entrepreneurial leaders around the world, but also underscore's
NFTE's commitment to connecting learners to valuable coaches,
mentors, and networks. We are also delighted to extend a warm
welcome to LaToya Rowell,
recognizing her exceptional leadership and dedication as she joins
the NFTE Board of Directors."
In honor National of Volunteer Month, NFTE recognized Comerica
as one of its top five corporate partners -- the nonprofit's fourth
most-engaged supporter globally this school year.
About Comerica Bank
This year, Comerica Bank celebrates its
175th anniversary. A subsidiary of Comerica
Incorporated (NYSE: CMA), Comerica Bank is a financial services
company headquartered in Dallas, Texas, and is strategically aligned by three
business segments: The Commercial Bank, The Retail Bank and Wealth
Management. Comerica, one of the 25 largest commercial U.S.
financial holding companies, focuses on building relationships and
helping people and businesses be successful, providing more than
400 banking centers across the country with locations in
Arizona, California, Florida, Michigan and Texas.
Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into
new regions, most recently in the Southeast, including North
Carolina and Mountain West Market in Colorado. Comerica
has offices in 17 states and services 14 of the 15 largest U.S.
metropolitan areas, as well as Canada and Mexico.
Comerica reported total assets of $79.4
billion at March 31, 2024. Learn more about how Comerica
is raising expectations of what a bank can be by
visiting www.comerica.com, and follow us
on Facebook, X (formerly known as
Twitter), Instagram and LinkedIn.
About NFTE
Network for Teaching Entrepreneurship (NFTE) ignites the
entrepreneurial mindset with unique learning experiences that
empower students to own their futures. A global nonprofit founded
in 1987, NFTE provides high-quality entrepreneurship education to
middle school, high school and postsecondary students. NFTE brings
the power of entrepreneurship to students, regardless of family
income, community resources, special needs, gender identity, race,
or ethnicity. NFTE has educated more than a million students,
delivering our programs in school, out of school, in-person,
online, or through hybrid models. Visit nfte.com to learn
more.
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SOURCE Comerica Bank