ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Benton Harbor Hosts First Community Pitch Competition

By: 3BL Media

SOURCE: Whirlpool Corporation

DESCRIPTION:

Each time the automatic doors opened to the entryway of Mosaic CCDA’s headquarters and resale store, excitement doubled and energy hummed. Despite sleet and cold attempting to invade the lobby, new hope burned and filled the room.

It was Benton Harbor’s first-ever Pitch Night for Black, Hispanic, and Indigenous persons of color, held recently as a community event hosted by Mosaic CCDA, sponsored by Whirlpool Corporation and PNC Bank. Chosen from more than 34 applicants, 15 competitors—representing startups, small businesses and social enterprises—were invited to present a five-minute business pitch in front of a live audience to a panel of judges. The panel included George Bibbs from Whirlpool Corporation, who leads the company’s employee resource group “FOCUS,” the African-American Network; Joy Bancroft, local entrepreneur from Red Coach Donuts; Traci Burton, a former participant in Mosaic’s Emerge Accelerator program and community engagement specialist as well as business owner of a multicultural marketing firm; and Ethan Daly, United States regional director of Partners Worldwide.

“I was amazed by so many phenomenal business ideas. It shows that there is so much untapped potential in the Benton Harbor community,” said Andrew Robinson, executive director of Mosaic CCDA. “I appreciate the financial support that Whirlpool and the business equity workstream provided to these entrepreneurs.”

The collaboration evolved from an active listening campaign that volunteers serving on Whirlpool Corporation’s Microgrant Workstream engaged in with local Black-owned business owners. The workstream was formed as part of the company’s commitment to business and community support in its headquarters’ community for its Multi-Year U.S. Action Plan and Equality Pledge, launched in 2020. When employee Phil Swanson from the Whirlpool Global Innovation team learned about an Emerge Accelerator program that Mosaic had piloted, his passion grew. Swanson quickly rose to connect the dots, bridge the relationships between the community agency and businesses, and lead the Pitch Night for Whirlpool Corporation.

Swanson said he heard varying versions of the same comment as he chatted with a number of the entrepreneurs, “I don’t care that I didn’t win. The networking and support has been worth it.” He added, “This is just as important, if not more important, than the money we awarded. There is already excitement brewing for the next competition, and more interest in the entrepreneurial support organization and the Emerge Accelerator because of the Pitch Night.”

The Benton Harbor Pitch Night Panel of Judges selected the following winners:

FIRST PLACE: NS Cosmetics – a team of two sisters, Neriah and Naoimi Stephens, who want to provide natural and organic beauty products to the world. Their homemade products can be purchased from their website. This year they’ve sold 5,000 units at $30,000 in revenue and will invest their $5,000 prize money in packaging.

SECOND PLACE: Benton Harbor Beauty Academy founder Sharee Brooks, is a Benton Harbor native who recently secured space for her school in downtown Benton Harbor. Brooks wants to provide Benton Harbor natives the same opportunities she’s had without traveling to Kalamazoo and neighboring communities to explore a future in cosmetology and learn more about caring for textured hair. Brooks’ $2,500 prize will be invested in her beauty school.

THIRD PLACE: Sticky Spoons Jam, LLC founder Aiyenede Akhigbe and U.S. Navy Veteran, started Sticky Spoons in 2016 after an inability to source organic jams without high fructose corn syrup. Akhigbe’s jams, jellies and syrups are sourced from small family-owned farms in Michigan. She now produces over 100 flavors including consumer favorites like apple pie, peach mango, strawberry banana pineapple and blueberry lavender, with ideas to use in cooking, baking, drinks, and on bread. Her products can be purchased here. She plans to use her $1,000 prize to invest in marketing and jars for packaging.

This is only the beginning. The pitch competition has laid the groundwork for more planned competitions in the future to empower and mobilize local businesses and the people behind them. One attendee summed it up best: “I think Benton Harbor is on to something.”

Learn more about the Pitch Night sponsors and the ways they are making a real, positive impact in our communities through Whirlpool Corporation House + Home, and Philanthropy at PNC.

Tweet me: Benton Harbor holds first-ever Pitch Night for Black, Hispanic, and Indigenous persons of color sponsored by @WhirlpoolCorp and PNC Bank. Learn more about the event here: https://bit.ly/3m4aX4E

KEYWORDS: NYSE: WHR, whirlpool corporation, Benton Harbor

Benton Harbor Pitch Night promotional banner speaker at Benton Harbor’s Pitch Night person holding out arms at Benton Harbor’s Pitch Night Group of three people at Benton Harbor’s Pitch Night speaker at Benton Harbor’s Pitch Night

Recent Quotes

View More
Symbol Price Change (%)
AMZN  247.38
+1.09 (0.44%)
AAPL  259.37
+0.33 (0.13%)
AMD  203.17
-1.51 (-0.74%)
BAC  55.85
-0.33 (-0.59%)
GOOG  329.14
+3.13 (0.96%)
META  653.06
+7.00 (1.08%)
MSFT  479.28
+1.17 (0.24%)
NVDA  184.86
-0.18 (-0.10%)
ORCL  198.52
+9.37 (4.95%)
TSLA  445.01
+9.21 (2.11%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.