Snyder’s Pure Michigan Business Connect efforts expanding

Fifth Third Bank is pledging $5 billion to lend in Michigan next year to bolster Governor Rick Snyder’s Pure Michigan Business Connect Initiative. This commitment from Fifth Third is the largest yet by a financial institution to the program, and more than doubles the original capacity of the program from $3 billion to $8 billion. Huntington National Bank also committed $2 billion in lending to Michigan-based companies earlier this year.

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