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Displaying items by tag: Fifth Third Bank

Sunday, 20 December 2020 18:40

Experts forecast sustained growth for the U.S. economy in 2021

The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in the new year.

Published in Economic Development
Monday, 23 November 2020 16:38

Grand Action 2.0 says now is the time to plan major developments in Grand Rapids

GRAND RAPIDS — Planning now for the future development of an outdoor amphitheater, soccer stadium and expansion of the DeVos Place convention center positions Grand Rapids to proceed once the COVID-19 pandemic eventually ends.

Published in Economic Development
Thursday, 01 October 2020 15:30

Convention center expansion, amphitheater, soccer stadium are Grand Action’s new priorities

GRAND RAPIDS — The business group that pushed several major developments over the past 25 years is now focused on a downtown convention center expansion, an amphitheater and a professional soccer stadium.


Sunday, 30 August 2020 16:45

Fifth Third CEO on pandemic driving digital banking: ‘It’s going to stick’

The COVID-19 pandemic that shut down much of the economy in March had all businesses scrambling to maintain operations — if they were allowed to stay open — and keep employees safe. Banks closed their branch lobbies and directed customers to use drive-thru lanes or digital banking to handle transactions. 

Published in Finance
Sunday, 07 June 2020 17:45

Restrictions in Fed’s Main Street Lending Program could limit appeal

The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital. 

Published in Finance
Sunday, 07 June 2020 17:35

Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance

Wednesday, 13 May 2020 15:10

New loan, grant funds set up to aid smaller businesses

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

Published in Small Business