VERMONT SLAUSON ECONOMIC DEVELOPMENT CORPORATION (VSEDC) AWARDS $25,000 GRAND PRIZE TO SOUTH LOS ANGELES ENTREPRENEUR DURING ITS FIRST ANNUAL GRAND PITCH COMPETITION
With sponsors including First Citizens Bank, Citi, Comerica, and more, the competition provided cash prizes and the capital that businesses need to thrive
"I'm excited about the number of people who have gone through our business training at Vermont Slauson to qualify as an applicant for the pitch competition," said
Statistics show that Black entrepreneurs and other entrepreneurs of color face tremendous obstacles when it comes to accessing capital. As an advocate for those who have been historically disconnected from the opportunities that all people need to succeed, VSEDC offers free one-on-one business coaching, year-round business cohorts, workshops, affordable small business loans, and much more as they guide entrepreneurs at every stage of the journey. Open to businesses who completed one or more of VSEDC's programs over the past two years, the competition also awarded a
"Winning this prize allows us to upgrade our equipment," said
In partnership with First Citizens Bank (Grand Prize sponsor), Citi (
"This is just the beginning of something magical for South LA," said Strode. "Our communities are full of deserving entrepreneurs who simply need coaching and a platform. As our pitch competition evolves, we look to increase the number of prizes awarded and the amount with the help of sponsors who share our vision for stronger communities."
Interviews with VSEDC's CEO and Pitch Competition Winners Available Upon Request.
About VSEDC
For more than four decades, VSEDC has facilitated community development of the
About
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SOURCE Vermont Slauson Economic Development Corporation
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