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“Empowering American Cities” Initiative Reveals Economic Insights, 2025 Outlook

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Fifth Third Bank (FITB) and the Kenan Institute of Private Enterprise unveiled their 'Empowering American Cities' initiative's economic data in Chicago. The program, which has hosted events in five cities reaching over 1,000 attendees, provides proprietary economic data and analysis for Extended Metropolitan Areas (EMAs) that represent 90% of U.S. GDP. The initiative offers individually created dashboards and comparative economic health indicators for 150 metropolitan areas. For 2025, the program plans to release new economic data, whitepapers, and host events in seven cities, starting with Los Angeles in February.

Fifth Third Bank (FITB) e il Kenan Institute of Private Enterprise hanno presentato i dati economici della loro iniziativa 'Empowering American Cities' a Chicago. Il programma, che ha ospitato eventi in cinque città raggiungendo oltre 1.000 partecipanti, fornisce dati economici e analisi proprietari per le Aree Metropolitane Estese (EMA) che rappresentano il 90% del PIL degli Stati Uniti. L'iniziativa offre dashboard create su misura e indicatori comparativi di salute economica per 150 aree metropolitane. Per il 2025, il programma prevede di rilasciare nuovi dati economici, whitepaper e di ospitare eventi in sette città, a partire da Los Angeles a febbraio.

Fifth Third Bank (FITB) y el Kenan Institute of Private Enterprise presentaron los datos económicos de su iniciativa 'Empowering American Cities' en Chicago. El programa, que ha realizado eventos en cinco ciudades alcanzando a más de 1.000 asistentes, proporciona datos y análisis económicos propios para las Áreas Metropolitanas Extendidas (EMA) que representan el 90% del PIB de EE. UU. La iniciativa ofrece paneles de control creados individualmente e indicadores comparativos de salud económica para 150 áreas metropolitanas. Para 2025, el programa planea lanzar nuevos datos económicos, documentos técnicos y organizar eventos en siete ciudades, comenzando por Los Ángeles en febrero.

Fifth Third Bank (FITB)와 Kenan Institute of Private Enterprise가 시카고에서 'Empowering American Cities' 이니셔티브의 경제 데이터를 발표했습니다. 이 프로그램은 다섯 개 도시에서 1,000명 이상의 참석자를 수용하는 이벤트를 개최했으며, 미국 GDP의 90%를 차지하는 확장된 대도시 지역(EMA)에 대한 독점적인 경제 데이터와 분석을 제공합니다. 이 이니셔티브는 150개의 대도시 지역에 대한 개별 대시보드와 비교 경제 건강 지표를 제공합니다. 2025년을 위해 이 프로그램은 새로운 경제 데이터, 백서를 발표하고, 2월 로스앤젤레스를 시작으로 7개 도시에서 이벤트를 개최할 계획입니다.

Fifth Third Bank (FITB) et le Kenan Institute of Private Enterprise ont dévoilé les données économiques de leur initiative 'Empowering American Cities' à Chicago. Le programme, qui a organisé des événements dans cinq villes atteignant plus de 1 000 participants, fournit des données économiques et des analyses propriétaires pour les Zones Métropolitaines Étendues (EMA) qui représentent 90 % du PIB américain. L'initiative propose des tableaux de bord créés individuellement et des indicateurs de santé économique comparatifs pour 150 zones métropolitaines. Pour 2025, le programme prévoit de publier de nouvelles données économiques, des documents techniques et d'organiser des événements dans sept villes, en commençant par Los Angeles en février.

Fifth Third Bank (FITB) und das Kenan Institute of Private Enterprise haben in Chicago die wirtschaftlichen Daten ihrer Initiative 'Empowering American Cities' vorgestellt. Das Programm, das Veranstaltungen in fünf Städten mit über 1.000 Teilnehmern ausgerichtet hat, bietet proprietäre wirtschaftliche Daten und Analysen für Erweiterte Metropolregionen (EMA), die 90% des BIP der USA repräsentieren. Die Initiative bietet individuell erstellte Dashboards und vergleichende wirtschaftliche Gesundheitsindikatoren für 150 Metropolregionen. Für 2025 plant das Programm, neue wirtschaftliche Daten, Whitepapers zu veröffentlichen und Veranstaltungen in sieben Städten zu organisieren, beginnend mit Los Angeles im Februar.

Positive
  • Initiative covers 90% of U.S. GDP through analysis of 150 largest metropolitan areas
  • Successfully reached over 1,000 attendees across five city events
  • Program expansion planned for 2025 with seven new city events
Negative
  • None.

Program Delivers Advanced, Local Economic Data and Trusted Advice that Positions Leaders and Business Owners for Growth

CHICAGO--(BUSINESS WIRE)-- Empowering American Cities, a collaborative initiative from Fifth Third Bank (FITB) and the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill, unveiled proprietary economic data at an event in Chicago last week.

Gerald Cohen, Chief Economist, Kenan Institute of Private Enterprise reviews the Greater Chicagoland Gross Domestic Product mix by industry during the Empowering American Cities event in Chicago. Empowering American Cities, a collaborative initiative from Fifth Third Bank (FITB) and the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill. (Photo: Business Wire)

Gerald Cohen, Chief Economist, Kenan Institute of Private Enterprise reviews the Greater Chicagoland Gross Domestic Product mix by industry during the Empowering American Cities event in Chicago. Empowering American Cities, a collaborative initiative from Fifth Third Bank (FITB) and the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill. (Photo: Business Wire)

The event featured unique economic insights and commentary specific to the Greater Chicagoland area, an overview of manufacturing, and a 2025 outlook on the labor market, regulation and public policies, so that business owners can put data at the center of their decision-making.

“Chicago, home to the second most Fortune 500 headquarters of any U.S. city, stands to reap the benefits of its excellent civic infrastructure and talent pool, which are driving in major investments that could revitalize commercial infrastructure,” said Jeff Korzenik, Fifth Third Commercial Bank chief economist.

This was the fifth Empowering American Cities event hosted by Fifth Third and the Kenan Institute of Private Enterprise. Previous events took place in Charlotte, North Carolina, Nashville, Tennessee, Grand Rapids, Michigan and Columbus, Ohio. More than 1,000 individuals have attended the events designed to provide business owners, community leaders and others with tools to make successful, data-driven decisions.

Through the Empowering American Cities initiative, individuals can access economic information, including individually created dashboards, based on Kenan Institute research for all Extended Metropolitan Areas in the US. The EMAs account for nearly 90% of U.S. gross domestic product and encompass the 150 largest metropolitan areas from New York City, with its $2.5 trillion economic output, to cities such as Wilmington, North Carolina with its own unique economic and industrial traits.

While this data is proprietary to the Empowering American Cities program, it is available to anyone. Business owners can view information side-by-side to allow for direct comparisons of fiscal characteristics and other economic health indicators between EMAs.

“We believe there is a vital, continuing need to understand the economy at a scale that is meaningful, and this data can help accelerate decisions that drive sustainable growth for companies, their communities and ultimately our entire country,” said Korzenik.

In 2025, Empowering American Cities will release new economic data, whitepapers and host events in seven cities across Fifth Third’s footprint. The first event will take place in Los Angeles, California in February. Details will soon be available here.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association, is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.

Adrienne Gutbier (Media Relations)

adrienne.gutbier@53.com | 513-534-8038

Matt Curoe (Investor Relations)

matt.curoe@53.com | 513-534-2345

Source: Fifth Third Bank

FAQ

What cities has Fifth Third Bank's (FITB) Empowering American Cities initiative visited so far?

The initiative has hosted events in Chicago, Charlotte, Nashville, Grand Rapids, and Columbus, reaching over 1,000 attendees.

When and where will FITB's next Empowering American Cities event take place in 2025?

The next event will take place in Los Angeles, California in February 2025.

How many Extended Metropolitan Areas (EMAs) does FITB's economic data initiative cover?

The initiative covers 150 largest metropolitan areas, representing nearly 90% of U.S. gross domestic product.

What economic data tools does Fifth Third Bank (FITB) provide through this initiative?

The initiative provides individually created dashboards, comparative economic health indicators, and proprietary economic data for Extended Metropolitan Areas.

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