PRNewswire/ -- Moguls in the Making, a business plan pitch competition that offers Historically Black College and University (HBCU) students an opportunity to learn and practice vital skills, will take place virtually Oct. 8-11, 2020. This second annual competition is presented by Ally Financial Inc. (NYSE: ALLY), Thurgood Marshall College Fund (TMCF) and entertainer and entrepreneur Big Sean's foundation, the Sean Anderson Foundation (SAF). The event will showcase the diversity of ideas, thoughts and experiences these students can offer the business world.
Moguls in the Making gives 50 students—grouped into teams of five from 10 HBCUs—an opportunity to develop and present business plans aimed at solving key issues in the context of today's economic and social climate. Winners receive scholarships and internship opportunities with Ally.
To learn more about the program and the experiences of last year's participants, view this short video. Six of the 2019 Moguls in the Making participants have joined Ally as full-time employees.
"Moguls in the Making is an impactful way to celebrate the talent of HBCU students and to support a diverse pipeline of candidates whose contributions are critical to making both our company and our communities stronger," said Ally Financial CEO Jeffrey J. Brown. "I am inspired by what this program has helped us achieve and hope it can serve as a model for other organizations seeking to identify and nurture diverse talent in their businesses, as well. Our continued work with TMCF and HBCUs across our nation is a key element of our continued focus on creating a world-class culture that celebrates the power of diversity and inclusion. We are firm believers that if we can advance our company, we can advance our nation, too."
The business case for diverse workforces is clear: in 2019, companies in the upper quartile of ethnic and cultural diversity of their executive teams outperformed those in the fourth quartile by 36% in profitability.1
The Moguls in the Making program has already helped Ally expand its diverse pool of young talent, while amplifying awareness of the vital role HBCUs play in building Black middle and upper classes. HBCUs are responsible for 22% of current Black bachelor degrees and, despite the fact that HBCUs account for just 3% of four-year nonprofit colleges, their alumni account for roughly 80% of Black judges, 50% of Black lawyers and doctors, and their students account for 25% of Black undergraduates who earn degrees in STEM.2
Ally is a 14-year supporter of TMCF, the nation's largest organization exclusively representing the Black college community. TMCF also recognized Ally's Jeffrey Brown as CEO of the Year in 2019. For last year's Moguls in the Making competition, the two organizations teamed up for the first time with the Sean Anderson Foundation, which is dedicated to improving the education, health, safety and well-being of school-aged youth and their families.
"We are excited to work with Ally Financial and the Sean Anderson Foundation once again, to showcase the genius and talent of our HBCU students," said Harry L. Williams, President & CEO of the Thurgood Marshall College Fund. "Moguls in the Making is a unique opportunity that will provide our students with the opportunity to excel in the business world."
"I'm proud to be a part of this program with Ally - I hope we stay at this for years to come," said Big Sean. "It's exciting to positively impact these students' lives from all over the country, who are the next generation of forward thinkers, and to see them step into their power and work as a unit successfully."
About the competition
The top 50 students of the more than 570 applicants from across the country will come together virtually for four days to compete for prizes. Students hail from 10 HBCUs, including Alabama A&M University, Bowie State University, Coppin State University, Florida Agricultural and Mechanical University, Hampton University, Morehouse College, Morgan State University, North Carolina Agricultural and Technical State University, University of Arkansas at Pine Bluff and Virginia State University. Students will represent their schools in teams of five tasked with developing and pitching business plans across 10 industries that support economic mobility in the midst of the pandemic and social unrest.
The event will culminate Sunday, Oct. 11, when the teams will present their business plans to a panel of judges consisting of Stacy Spikes, founder of Urbanworld Film Festival; TD Lowe, partner at 42Phi Ventures; Lule Demmissie, president, Ally Invest; Andrea Brimmer, chief marketing and public relations officer, Ally; and Jason Schugel, chief risk officer, Ally. The top three teams will receive prizes. First prize includes internships at the Ally Design Concept Studio, a $10,000 scholarship and much more. Learn more about the program here https://www.ally.com/do-it-right/trends/moguls-in-the-making-2020.
“And the blood shall be to you for a token upon the houses where ye are: and when I see the blood, I will pass over you, and the plague shall not be upon you to destroy you, when I smite the land of Egypt.” ~ Exodus 12:13
We have a pandemic going on in the world, the pandemic is the coronavirus, the coronavirus is a plague in the land that has taken over 200,000 lives in the US. We have a president of the United States who is the leader of this world who did not take this plague seriously, he mocked people that were wearing masks, he mocked them for protecting themselves, and then the plague hit him; he was infected by the coronavirus. So anytime you don’t respect truth or receive truth, it will reverse on you. I have seen over the years a lot of wicked people throwing wicked spirits at others, but then the wicked spirits came back and reversed on them. Even though it may look like God is not in charge, God is still in charge! These are times where we have to put our trust in Him, and He is going to see us through. We have to put the blood on our doorposts. Satan cannot cross the blood, he has to turn away and walk away when he sees the blood on our doorpost. But God is protecting His people who trust in Him. Many people are saying that this is a man-made virus that comes from a laboratory, and then it was put out into the atmosphere, but THIS IS A PLAGUE. A plague is a contagious disease that spreads rapidly and kills many people. Plagues come from God. But if we can start repenting… block-by-block, city-by-city, state-by-state, then God will begin to take the plague away. These are perilous times in the world, where people are looking for direction and answers. But as you pray to God during these times, He will lead you into the spirit of truth and bring you into a place of answers, protection, and safety. God is raising up voices now to speak on this plague that is in the land with accuracy and truth, and that will put the people that are looking for answers and truth into a place of comfort, peace, and rest.
You can view Pastor Cedric Banks Facebook page titled: Cedric Banks Prophet. There you can see many episodes of incredible preaching, community events, accomplishments, the City of Hope radio show, etc. Also, be sure to watch The Community Shall Be Restored TV Show hosted by Prophet Cedric Banks every Saturday night at 8pm on Comcast 90. Additionally, you can CALL IN and worship with us every Sunday at 3pm at The Heart of Jesus International Deliverance Church worldwide conference line CHURCH BY PHONE at 515-604-9311 access code 273973#. There is highly anointed Spirit-led teaching, prophecy, and a right-now Word from the Lord. All are welcome to join us! For more info we can be reached at 313-421-9977 or [email protected]