Comerica Bank set to open $5 million co-working space for small businesses

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Comerica Bank set to open $5 million co-working space for small businesses
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In March, Comerica Bank will open BusinessHQ to aid in the company's efforts to support small business owners.

DALLAS — Comerica Bank plans to expand its footprint in the southern sector of Dallas as it opens Comerica BusinessHQ — a collaborative community space to support small business owners. The $5 million investment will transform a “collaborative space” into a platform centered on “capital, cultivation and connectivity” in order for the small businesses to continue to grow.

Small business owners who operate in a high-need, high opportunity area with a revenue of less than $1 million will have the chance to apply for membership into the BusinessHQ"Comerica has long been invested in the South Dallas community and we are taking our commitment a step further with the creation of Comerica BusinessHQ," said Irvin Ashford, Jr., Comerica Bank's Chief Community Officer in a press release.

The 8,000 square-foot space will exist in Comerica’s R.L. Thornton Freeway location in Dallas and operate Monday through Friday with some extended hours and availability on the weekend. The location can accommodate about 20 to 25 small businesses daily. Those in the BusinessHQ will have access to workspaces, high-speed internet, printing, scanning, video conferencing rooms with large-scale projection ability and rooms outfitted with tools needed for small-scale content creation.

“To ensure this initiative is truly community-driven, we plan to empower our broad network of strategic community partners to facilitate programming and assist in identifying small businesses for BusinessHQ opportunities,” said Regional External Affairs Manager and project lead Brandon Jones.

According to officials, the BusinessHQ will open in March and operate under a success manager who will assist in membership activities and client scheduling and event planning. Membership has its privileges as BusinessHQ members will get one-on-one consultations, incubation fellowships, coworking spaces and the BusinessHQ’s library of resources for at least six months.

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