RI Black Business Association Business Announces Business Pitch Competition for Young Adults
Young entrepreneurs are invited to apply for the chance to win up to $3,000
Providence, RI – March 7, 2022 – The Rhode Island Black Business Association (RIBBA) today announced a Young Adult Business Pitch Competition for young minority entrepreneurs, scheduled to take place April 30, 2022, 10 am to 1 pm at Biz Bodega, Manton Ave Business Support Center, at 222 Manton Ave in Providence, RI. All entrepreneurs invited to the final competition will receive training on preparing and presenting a business pitch to ensure each competitor has the skills and information to be as successful as possible.
The competition is open to individuals who live in Rhode Island, are Black, Indigenous, or a Person of Color, and are aged 18-30. Winners can win a variety of prizes, ranging from $1,000 – $3,000 grants in addition to other business growth services from RIBBA.
Lisa Ranglin, RIBBA president stated, “Access to capital for this underserved population is very limited. We are offering RIBBA’s unique approach of combining access to capital with expert technical services to help them grow their businesses. Business formation is an effective way to decrease unemployment. In spite of reports of record low unemployment among minorities, October 2018 BLS household data showed black 18 year old youth at close to 20% unemployment with Latino youth at nearly 17% – about 30% higher than among white 18 year old youth. Minority youth up to age 30 are twice as likely as white youth to be unemployed.”
The closing date for submitting an application for the Young Adult Business Pitch Competition is Friday, April 8, 2022 at 4 pm. Young entrepreneurs who are interested in applying can call 401-389-1179 or go to www.ri-bba.org/bizpitch to apply.
– END –