Community Weekly Report 12

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COMMUNITY WEEKLY REPORT

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Volume 1, Edition 12

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Inspire, Inform & Educate

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August 13 - August 19, 2020

Page 3

Comerica Bank donates $100,000 to Young Entrepreneurz Solutions “An Economic Way Forward for Youth In LMI Communities” Irvin Ashford Jr.

Page 3

Study: 4.5M Texans Using Telehealth for First Time

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2 | August 13 - August 19, 2020

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Community Weekly Report BUSINESS

Comerica Bank donates $100,000 to Young Entrepreneurz Solutions

“An Economic Way Forward for Youth In LMI Communities” By d-mars.com News Provider

C

omerica Bank has teamed up with Young Entrepreneurz Solutions Organization (YES) to equip youth from low to moderate income (LMI) communities with financial education skills needed to pursue a career in entrepreneurship. The $100,000 contribution also will provide startup funding for students across Comerica's five-state (Arizona, California, Florida, Michigan and Texas) geographical footprint.

In addition, Comerica bankers will serve as judges for the YES Business Plan Competitions and implement "Ask A Banker" sessions over the next year (June 2021).

"It is important that we introduce basic financial principles to children and teach them how to manage their money at an early age," Comerica Bank Chief Community Officer Irvin Ashford, Jr. said. "Research shows that there is a direct correlation between students who have access to financial education resources and their future success.

At Comerica, we partner with organizations like YES because of our common goal to empower youth and adults from underserved communities. " YES has been teaching youth in 13 urban and LMI communities including the US Virgin Islands entrepreneurship and economic development since 2014.

age.”

It is important that we introduce basic financial principles to children and teach them how to manage their money at an early

-Irvin Ashford, Jr. Comerica Bank Chief Community Officer

YES founder Ernest Ruffin, Jr is an award winning adjunct Professor at Rutgers University who decided to start YES because his students at Rutgers we're having great success in new business development. One of his students sold his company to Mark Cuban and that triggered Ruffin to start teaching Black and Brown kids business. YES has a 1M for $1M fundraiser campaign underway to raise money to fund their students businesses. Comerica Bank sponsors our Dallas program. They really stepped up their sponsorship efforts by helping YES attain 10% of our goal and provide key banking information to YES students. Our mission is to help students create 10,000 Black and Brown owned thriving businesses.

About Comerica Bank Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.

Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $76.3 billion at March 31, 2020 and celebrated its 170th anniversary last year.

Source: Comerica Bank

HEALTH

Study: 4.5M Texans Using Telehealth for First Time By d-mars.com News Provider

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ouston health care experts say telehealth has been crucial in combating COVID-19. A new study finds about 4.5 million Texans have used such a service for the first time since the pandemic began.

Accenture recently released findings of a survey examining Texans’ attitudes towards virtual health care. Nearly 45% of Texans who participated said they trust a virtual health visit as much as, or more than, an in-person visit. That’s 15% higher than a survey Accenture conducted a few months earlier. Additionally, 94% of patients who used virtual care during COVID-19 reported they would be willing to continue using

it moving forward.

“A lot of Texans got a taste for what it’s like to see their physicians and specialists from the safety and comfort of their home,” said Mark Olney, a managing director in Accenture’s Health practice and the study’s lead author. “Now patients are eager to get more of that access, convenience and time savings.”

The global strategy and consulting firm surveyed more than 1,000 Texas adults in May and compared those responses to another survey it conducted in October-November 2019. Researchers also collaborated with the Dallas Forth-Worth Hospital Council and Texas e-Health Alliance to interview 13 major health systems in Texas, which manage hundreds of hospitals.

Roberta Schwartz, executive vice president and chief innovation officer

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of Houston Methodist Hospital, talked about the importance of telemedicine in response to the pandemic during the Partnership’s virtual Innovation Council meeting in May.

“The role of telemedicine is here to stay,” said Schwartz.

Source: Greater Houston Partnership

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