Comerica Bank has opened a Business & Innovation Hub in south Frisco.

City leaders, Chamber of Commerce and Economic Development Corporation members, Comerica Bank representatives, and members of Frisco’s business community attended a ribbon-cutting ceremony for the new space March 27.

“We couldn't be more thrilled,” Comerica Chief Operating Officer Megan Crespi said.

The innovation hub is located on the ninth, 10th and 11th floors of the 17 Cowboys Way, Frisco, office building, according to a news release. It will prioritize collaboration with enhanced technology to support mobility and will house about 300 Comerica employees from a variety of teams.

The first floor of the same building features a reservation-only coworking space, which features open work spaces, private offices, conference and training rooms, an on-site community resource specialist, an interactive teller machine, and more, according to the release.

Comerica’s Business & Innovation Hub will provide resources and opportunities to Frisco's business communities, said Christal Howard, Frisco’s Chamber of Commerce president and CEO.

“All of this today is really fantastic,” she said.