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PRESS ROOM: Philander Smith and Southern University win the 6th Annual Moguls in the Making Entrepreneurial Pitch Competition

NNPA NEWSWIRE — Mentors and team coaches from the Detroit business community including Ally executives, past Moguls in the Making participants, and HBCU alumni donated their time to work with students, providing valuable perspective throughout the competition.

Published

9 months ago

October 9, 2024

Oakland Post

Ally and Thurgood Marshall College Fund gathered 50 students to compete for over $200k in scholarships and prizes

Two teams tied for first place, each student receiving a $20,000 scholarship and a guaranteed internship
The week-long event included an exciting surprise from “The Jennifer Hudson Show” to air Oct. 25
Ally’s CEO Michael Rhodes and government leaders spoke with students and shared perspectives on economic mobility and the work being done to revitalize Detroit

DETROIT, Oct. 8, 2024 – Philander Smith University and Southern University students

took top honors in the sixth annual Moguls in the Making Entrepreneurial Pitch competition, where 50 students from Historically Black Colleges and Universities (HBCUs) developed innovative and impactful solutions to address economic mobility challenges in Detroit.

The competition, held October 2-6, was hosted by Ally Financial (NYSE: ALLY) in collaboration with the Thurgood Marshall College Fund (TMCF), the largest organization exclusively representing the Black college community. This year’s event took place in Detroit at The Icon building, home to the state’s only HBCU, and the nation’s only design-focused HBCU, Pensole Lewis College. The Jennifer Hudson Show had something special prepared for the students early in the week. Everyone is encouraged to tune in on October 25 to see the surprise.

“These Moguls stand out among their peers – they’re hungry for new experiences, to learn about potential career paths, and to make a big impact in the community,” said Reggie Willis, chief diversity officer at Ally. “They always bring insightful ideas and perspectives to showcase in their pitches, and it’s exciting to see their growth in just a few short days.” Fifty students – 10 teams with five students each – toured Detroit, Ally’s headquarters, to learn about the city’s rich heritage and community challenges with stops at Orchestra Hall, Motown Museum, and Detroit Pizza Bar. They were then assigned industries and asked to develop a concept to support economic mobility in Detroit, creating business plans to put those ideas into action.

The five-day program included motivational messages from Michigan Lt. Governor Garlin Gilchrist II and Detroit Mayor Mike Duggan, workshops, fireside chats, and mentor engagement. On the final day, each team presented their business plan to a panel of judges who awarded prizes to the top four teams based on the pitch. Members of those top teams each received a scholarship for the 2025 school year, the guaranteed offers of a paid internship at Ally for summer 2025, and other prizes to support their education.

The 2024 top four teams and their pitch concepts were:

First Place Tie: Philander Smith University and Southern University, $20,000 scholarships for each student.

Philander Smith University

Their idea, Little Genius, is an AI-Powered platform for K-5 students providing personalized learning to enhance literacy, numeracy, and science. The platform uses AI to create unique learning pathways that meet the needs of all students on an individual basis. Little Genius also includes gamified interactive assessments with voice recognition and offline functionality.

Kenna Agbugba, a junior computer science student from Abuja, Nigeria
Angel Balogun, a sophomore computer science student from Lagos, Nigeria
Zara Duruji, a sophomore computer science student from Abuja, Nigeria
Jennifer Obinwanne, a sophomore computer science student from Lagos, Nigeria
James Owolabi, a senior computer science student from Abuja, Nigeria

Southern University and A&T College

Their Electric Meets Opportunity app revolutionizes transportation for low-income communities by providing affordable, eco-friendly access to clean energy vehicles. Designed for seamless convenience, it empowers drivers and passengers to reach essential destinations like work and healthcare, all while tapping into the future of smart, sustainable mobility.

Megan Abraham, a senior marketing student from Baton Rouge,
Taylor Curtis, a senior elementary education student from Houston
Jazmon DeRousselle, a senior mass communications student from Houston
Rashard Grace, a senior computer science student from Madison,
Nalone Sumo, a senior finance student from Baton Rouge,

Second Place: Hampton University, $10,000 scholarships for each student.

The team’s Gov On the Go project addresses the lack of access to public services and job opportunities in Detroit’s underserved communities by engaging directly with residents, creating personalized pathways, and tracking success to drive economic mobility and reduce poverty.

They plan to expand efforts through targeted outreach, adding resources like more vehicles and broader initiatives to maximize impact.

Chelsea Agyei, a junior biochemistry student from Virginia Beach,
Kiana Bernard, a senior strategic communication student from Cincinnati, Ohio
Christin Fluellen, a junior journalism student from Detroit
Breaden Lessane, a sophomore business administration student from Winston Salem, C.
Ceri Mundrati, a sophomore journalism student from Charlotte, N.C.

Third Place: Spelman College, $5,000 scholarships for each student.

The D.O.P.E. Initiative is a mission-driven credit union that aims to provide access to capital for Detroit residents who have been historically underserved by financial institutions. While offering many of the traditional services offered by a credit union, the D.O.P.E. Initiative will focus primarily on under-serviced individuals in the housing market.

Awah Asangwe, a junior economics and political science student from Kansas City,
Madison Corzine, a sophomore political science student from Worth, Texas
Dominique Preston, sophomore comparative women’s studies student from Detroit
Wynter Stokes, a senior economics student from Detroit
Symone Thompson, a senior political science student from Tallahassee,

All other students who competed received a $1,000 scholarship for their participation.

“The Thurgood Marshall College Fund is incredibly proud to extend our relationship with Ally for the sixth year,” said TMCF President & CEO Harry L. Williams. “Ally’s continued investment in the innovation and entrepreneurial talent at HBCUs highlights its commitment to empowering students to improve their socioeconomic standing—benefiting not only the students but also their communities and society as a whole.”

Since the program’s inception in 2019, more than 300 students have participated. Ally has employed 46 of the former Moguls as interns and hired 15 as full-time employees across a variety of functions, including technology, marketing, product design, and corporate services. To date, Ally has awarded more than $1 million in scholarships and prizes through Moguls in the Making.

About the Competition

More than 600 students from 52 schools completed the application process for this year’s competition. Those chosen to compete hail from Elizabeth City State University, Florida Agricultural & Mechanical University, Hampton University, Howard University, Norfolk State University, North Carolina A&T State University, Philander Smith University, Southern University A&M College, Spelman College, and Texas Southern University.

Mentors and team coaches from the Detroit business community including Ally executives, past Moguls in the Making participants, and HBCU alumni donated their time to work with students, providing valuable perspective throughout the competition.

Learn more about the program at http://www.ally.com/moguls.

Additional Moguls in the Making quotes for use:

Michigan Lt. Governor Garlin Gilchrist II

“As an entrepreneur by training, I know how important it is to support young dreamers, doers, and innovators with the resources they need to succeed,” said Lt. Governor Garlin Gilchrist II.

“I’m proud to participate in Moguls in the Making, a one-of-a-kind competition bringing young leaders from Historically Black Colleges and Universities across the country to Detroit, the #1 emerging startup ecosystem where we are building the future and making a difference. Whether it is growing our economy by unleashing innovation or supporting entrepreneurs of color through the Michigan Economic Opportunity Fund, Governor Whitmer and I are standing tall for a Michigan where everyone can chase their dreams and succeed.”

Detroit Mayor Mike Duggan

“Ally and Thurgood Marshall College Fund embodies what Detroit is all about—innovation, resilience, and grit. Detroit has always been a city where big ideas take root and grow into realities and this program is allowing hardworking young folks to get a jump start at that. I am so grateful to Ally for hosting this event in Detroit and providing so many HBCU students with the opportunity to display their talents.”

Senior Director of Corporate Citizenship at Ally Natalie Brown

“Moguls in the Making is an ongoing commitment to increase social capital among HBCU students while providing access, exposure, and opportunities to elevate their success. As of this year, we will have hosted more than 300 HBCU students during the span of this program, and each year the bar is raised higher. We’ve been amazed by each team’s ingenuity and creativity, time and again.”

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation’s largest all-digital bank and an industry-leading auto financing business, driven by a mission to “Do It Right” and be a relentless ally for customers and communities. The company serves approximately 11 million customers through a full range of online banking services (including deposits, mortgages, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visit http://www.ally.com.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures. For further images and news on Ally, please visit http://media.ally.com.

About the Thurgood Marshall College Fund (TMCF)

Established in 1987, the Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly supported Historically Black Colleges and Universities and

Predominantly Black Institutions, enrolling nearly 80% of all students attending black colleges and universities. Through scholarships, capacity-building and research initiatives, innovative programs, and strategic partnerships, TMCF is a vital resource in the PK-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs.

TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit http://www.tmcf.org.

About “The Jennifer Hudson Show”

“Choose Joy” as Season 3 of the hit Daytime Emmy-Award nominated talk series “The Jennifer Hudson Show,” hosted by multi-hyphenate Jennifer Hudson, premiered Monday, September

The one-hour national syndicated program features celebrity guests, viral sensations, music, and a destination to celebrate exceptional community heroes. Tune in for fun, laughter, and heartwarming moments as “The Jennifer Hudson Show” spreads inspiration through extraordinary stories, talents, and passions. Jennifer uses her powerful voice to bring fun, uplifting, and genuine conversations to the forefront. In a world that needs more joy and hope, our daily show is an entertainment destination for viewers to laugh, learn, and feel inspired.

Contacts:

Jorge Avellan

Ally Public Relations Jorge.Avellan@ally.com

Cindy Kamerad

The Allen Lewis Agency cindy@theallenlewisagency.com

Clara Ross Stamps TMCF

clara.stamps@tmcf.org

SOURCE Ally Financial

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#NNPA BlackPress

Trump Set to Sign Largest Cut to Medicaid After a Marathon Protest Speech by Leader Jeffries

BLACKPRESSUSA NEWSWIRE — The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S.

Published

5 days ago

July 3, 2025

Oakland Post

By Lauren Burke

By a vote of 218 to 214, the GOP-controlled U.S. House passed President Trump’s massive budget and spending bill that will add $3.5 trillion to the national debt, according to the Congressional Budget Office (CBO). The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S. With $175 billion allocated in spending for immigration enforcement, the money for more police officers eclipsed the 2026 budget for the U.S. Marines, which is $57 billion. Almost all of the policy focus from the Trump Administration has focused on deporting immigrants of color from Mexico and Haiti.

The vote occurred as members were pressed to complete their work before the arbitrary deadline of the July 4 holiday set by President Trump. It also occurred after Democratic Leader Hakeem Jeffries took the House floor for over 8 hours in protest. Leader Jeffries broke the record in the U.S. House for the longest floor speech in history on the House floor. The Senate passed the bill days before and was tied at 50-50, with Republican Senator Lisa Murkowski saying that, “my hope is that the House is gonna look at this and recognize that we’re not there yet.” There were no changes made to the Senate bill by the House. A series of overnight phone calls to Republicans voting against, not changes, was what won over enough Republicans to pass the legislation, even though it adds trillions to the debt. The Trump spending bill also cuts money to Pell grants.

“The Big Ugly Bill steals food out of the hands of starving children, steals medicine from the cabinets of cancer patients, and equips ICE with more funding and more weapons of war than the United States Marine Corps. Is there any question of who those agents will be going to war for, or who they will be going to war against? Beyond these sadistic provisions, Republicans just voted nearly unanimously to close urban and rural hospitals, cripple the child tax credit, and to top it all off, add $3.3 trillion to the ticking time bomb that is the federal deficit – all from a party that embarrassingly pretends to stand for fiscal responsibility and lowering costs,” wrote Congressional Black Caucus Chairwoman Yvette Clarke (D-NY) in a statement on July 3.

“The Congressional Budget Office predicts that 17 million people will lose their health insurance, including over 322,000 Virginians. It will make college less affordable. Three million people will lose access to food assistance through the Supplemental Nutrition Assistance Program (SNAP). And up to 16 million students could lose access to free school meals. The Republican bill does all of this to fund tax breaks for millionaires, billionaires, and corporations,” wrote Education and Workforce Committee ranking member Rep. Bobby Scott (D-VA) in a statement. The bill’s passage has prompted Democrats to start thinking about 2026 and the next election cycle. With the margins of victory in the U.S. House and U.S. Senate being so narrow, many are convinced that the balance of power and the question of millions being able to enjoy health care come down to only several thousand votes in congressional elections. But currently, Republicans controlled by the MAGA movement control all three branches of government. That reality was never made more stark and more clear than the last seven days of activity in the U.S. House and U.S. Senate.

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WATCH: NNPA Publishers Pivot To Survive

7.2.25 via NBC 4 Washington

Published

5 days ago

July 3, 2025

Oakland Post

7.2.25 via NBC 4 Washington

https://youtube.com/watch?v=9oZc5Sz0jQQ&feature=oembed

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Congressional Black Caucus Challenges Target on Diversity

BLACKPRESSUSA NEWSWIRE — we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted

Published

5 days ago

July 3, 2025

Stacy M. Brown

By Stacy M. Brown
Black Press USA Senior National Correspondent

Target is grappling with worsening financial and reputational fallout as the national selective buying and public education program launched by the Black Press of America and other national and local leaders continues to erode the retailer’s sales and foot traffic. But a recent meeting that the retailer intended to keep quiet between CEO Brian Cornell and members of the Congressional Black Caucus Diversity Task Force was publicly reported after the Black Press discovered the session, and the CBC later put Target on blast.

“The Congressional Black Caucus met with the leadership of the Target Corporation on Capitol Hill to directly address deep concerns about the impact of the company’s unconscionable decision to end a number of its diversity, equity, and inclusion efforts,” CBC Chair Yvette Clarke stated. “Like many of the coalition leaders and partner organizations that have chosen to boycott their stores across the country, we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted,” Congresswoman emphasized. “Black consumers contribute overwhelmingly to our economy and the Target Corporation’s bottom line. Our communities deserve to shop at businesses that publicly share our values without sacrificing our dignity. It is no longer acceptable to deliver promises to our communities in private without also demonstrating those values publicly.”

Lauren Burke, Capitol Hill correspondent for Black Press of America, was present when Target CEO Cornell and a contingent of Target officials arrived at the U.S. Capitol last month. “It’s always helpful to have meetings like this and get some candid feedback and continue to evolve our thinking,” Cornell told Burke as he exited the meeting. And walked down a long hallway in the Cannon House Office Building. “We look forward to follow-up conversations,” he stated. When asked if the issue of the ongoing boycott was discussed, Cornell’s response was, “That was not a big area of focus — we’re focused on running a great business each and every day. Take care of our teams. Take care of the guests who shop with us and do the right things in our communities.”

A national public education campaign on Target, spearheaded by Dr. Benjamin F. Chavis Jr., president and CEO of the National Newspaper Publishers Association (NNPA), the NNPA’s board of directors, and with other national African American leaders, has combined consumer education efforts with a call for selective buying. The NNPA is a trade association that represents the more than 220 African American-owned newspapers and media companies known as the Black Press of America, the voice of 50 million African Americans across the nation. The coalition has requested that Target restore and expand its stated commitment to do business with local community-owned businesses inclusive of the Black Press of America, and to significantly increase investment in Black-owned businesses and media, Historically Black Colleges and Universities (HBCU, Black-owned Banks, national Black Church denominations, and grassroots and local organizations committed to improving the quality of life of all Americans, and especially those from underserved communities. According to Target’s latest earnings report, net sales for the first quarter of 2025 fell 2.8 percent to $23.85 billion compared to the same period last year. Comparable store sales dropped 3.8 percent, and in-store foot traffic slid 5.7 percent.

Shares of Target have also struggled under the pressure. The company’s stock traded around $103.85 early Wednesday afternoon, down significantly from roughly $145 before the controversy escalated. Analysts note that Target has lost more than $12 billion in market value since the beginning of the year. “We will continue to inform and to mobilize Black consumers in every state in the United States,” Chavis said. “Target today has a profound opportunity to respond with respect and restorative commitment.”