Helping Small Business Fuel the Economy
Whether you work for a small business or rely on one for the things you need, we all understand the critical role that startups and expanding businesses play in our communities and our lives. That’s why we continue to do everything we can to partner with entrepreneurs and small business owners. These stories highlight local lending and investing, personal ingenuity, and a passion to create and retain jobs and offer new products and services. We hope they remind you of what we can achieve together.
Jul 10, 2012
Steve Rice grew up near Bremerton, Washington, where one out of five city residents lives in poverty, and where the median household income is almost $20,000 lower than the state’s median. In 1985, he returned to the city to set up his architecture practice - Rice Fergus Miller - with the goal of becoming a “community architect” and devoting his professional life to helping improve the city… learn More about Designing a Sustainable Future for Bremerton
Jun 28, 2012
In 1998, Chris Mittelstaedt was working in an entry level position at a high end hotel in San Francisco. With a desire to accomplish more both professionally and personally, he launched the ‘FruitGuys®,’ a company dedicated to providing fresh fruit, or “nature’s candy” as an alternative to junk food and other unhealthy snack options to local business people. … learn More about How One Company is Providing Healthy Eating Options to Businesses and Communities Around the US
Sep 04, 2012
In 2003, Darius, Susan and Dara Mir, the owners of 9to5 Seating, were at a critical decision point. Although the economy was soft, 9to5, a manufacturer of office furnishings, had seen strong demand for its office seating, helped by orders from office superstores and warehouse clubs like Costco and Staples. However, products manufactured in China were starting to cut into their profits as the mass-market superstores switched to ordering lower-cost goods, and they needed a strategy that would help them respond… learn More about Family-owned 9to5 Seating Adopts a Growth Strategy, Creating Jobs with its Contract Chair Business
Jul 16, 2012
The economic crisis that hit Detroit in 2008 had a surround sound impact. The auto industry collapsed, crime increased, and residents fled. For those who stuck around the ‘Motor City’ the availability and accessibility of corner markets and grocery stores - among other critical staples for living - diminished. Yet today, the city’s Eastern Market, best known for its regional food vendors, is poised to transform the community and fulfill a critical need by providing fresh, locally-based foods in a city where many grocery stores remain closed. … learn More about From Farm to Table, Revitalization and Conviviality in Detroit
Jul 05, 2012
In a busy region like Eastern Massachusetts, many residents look to EasCare, a locally-owned and operated ambulance company, for high quality medical care transportation with a personal touch. Headquartered in Dorchester, EasCare employs more than 550 full-and part-time employees working on 150 vehicles at eight dispatch locations. EasCare opened for business in 1998 in an abandoned building with just three ambulances. Today, the company is the third largest ambulance service provider in Massachusetts… learn More about Skilled Care With a Local, Personal Touch in Boston
*$17.7 billion in new credit to small businesses in 2011 (includes both new originations and renewals).