#NNPA BlackPress
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.

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
SOURCE Ally Financial
#NNPA BlackPress
UPDATE: PepsiCo Meets with Sharpton Over DEI Rollbacks, Future Action Pending
BLACKPRESSUSA NEWSWIRE — The more than hour-long meeting included PepsiCo Chairman Ramon Laguarta and Steven Williams, CEO of PepsiCo North America, and was held within the 21-day window Sharpton had given the company to respond.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
Rev. Al Sharpton met Tuesday morning with PepsiCo leadership at the company’s global headquarters in Purchase, New York, following sharp criticism of the food and beverage giant’s decision to scale back nearly $500 million in diversity, equity, and inclusion (DEI) initiatives. The more than hour-long meeting included PepsiCo Chairman Ramon Laguarta and Steven Williams, CEO of PepsiCo North America, and was held within the 21-day window Sharpton had given the company to respond. Sharpton was joined by members of the National Action Network (NAN), the civil rights organization he founded and leads. “It was a constructive conversation,” Sharpton said after the meeting. “We agreed to follow up meetings within the next few days. After that continued dialogue, NAN Chairman Dr. W. Franklyn Richardson and I, both former members of the company’s African American Advisory Board, will make a final determination and recommendation to the organization on what we will do around PepsiCo moving forward, as we continue to deal with a broader swath of corporations with whom we will either boycott or buy-cott.”
Sharpton initially raised concerns in an April 4 letter to Laguarta, accusing the company of abandoning its equity commitments and threatening a boycott if PepsiCo did not meet within three weeks. PepsiCo announced in February that it would no longer maintain specific goals for minority representation in its management or among its suppliers — a move that drew criticism from civil rights advocates. “You have walked away from equity,” Sharpton wrote at the time, pointing to the dismantling of hiring goals and community partnerships as clear signs that “political pressure has outweighed principle.” PepsiCo did not issue a statement following Tuesday’s meeting. The company joins a growing list of major corporations — including Walmart and Target — that have scaled back internal DEI efforts since President Donald Trump returned to office. Trump has eliminated DEI programs from the federal government and warned public schools to do the same or risk losing federal funding. Sharpton has vowed to hold companies accountable. In January, he led a “buy-cott” at Costco to applaud the retailer’s ongoing DEI efforts and announced that NAN would identify two corporations to boycott within 90 days if they failed to uphold equity commitments. “That is the only viable tool that I see at this time, which is why we’ve rewarded those that stood with us,” Sharpton said.
#NNPA BlackPress
Target Reels from Boycotts, Employee Revolt, and Massive Losses as Activists Plot Next Moves
BLACKPRESSUSA NEWSWIRE — Target is spiraling as consumer boycotts intensify, workers push to unionize, and the company faces mounting financial losses following its rollback of diversity, equity, and inclusion (DEI) initiatives.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
Target is spiraling as consumer boycotts intensify, workers push to unionize, and the company faces mounting financial losses following its rollback of diversity, equity, and inclusion (DEI) initiatives. With foot traffic plummeting, stock prices at a five-year low, and employee discontent boiling over, national civil rights leaders and grassroots organizers are vowing to escalate pressure in the weeks ahead. Led by Georgia pastor Rev. Jamal Bryant, a 40-day “Targetfast” aligned with the Lenten season continues to gain traction. “This is about holding companies accountable for abandoning progress,” Bryant said, as the campaign encourages consumers to shop elsewhere. Groups like the NAACP, the National Newspaper Publishers Association, and The People’s Union USA are amplifying the effort, organizing mass boycotts and strategic buying initiatives to target what they call corporate surrender to bigotry.
Meanwhile, Target’s workforce is in an open revolt. On Reddit, self-identified employees described mass resignations, frustration with meager pay raises, and growing calls to unionize. “We’ve had six people give their two-week notices,” one worker wrote. “A rogue team member gathered us in the back room and started talking about forming a union.” Others echoed the sentiment, with users posting messages like, “We’ve been talking about forming a union at my store too,” and “Good on them for trying to organize—it needs to happen.” Target’s problems aren’t just anecdotal. The numbers reflect a company in crisis. The retail giant has logged 10 straight weeks of falling in-store traffic. In February, foot traffic dropped 9% year-over-year, including a 9.5% plunge on February 28 during the 24-hour “economic blackout” boycott organized by The People’s Union USA. March saw a 6.5% decline compared to the previous year. Operating income fell 21% in the most recent quarter, and the company’s stock (TGT) opened at just $94 on April 14, down from $142 in January before the DEI cuts and subsequent backlash. The economic backlash is growing louder online, too.
“We are still boycotting Target due to them bending to bigotry by eroding their DEI programs,” posted the activist group We Are Somebody on April 14. “Target stock has gone down, and their projections remain flat. DEI was good for business. Do the right thing.” Former congresswoman Nina Turner, a senior fellow at The New School’s Institute on Race, Power and Political Economy, wrote, “Boycotts are effective. Boycotts must have a demand. We will continue to boycott until our demands are met.” More action is on the horizon. Another Target boycott is scheduled for June 3–9, part of a broader campaign targeting corporations that have abandoned DEI initiatives under pressure from right-wing politics and recent executive orders by President Donald Trump. The People’s Union USA, which led the February 28 boycott, has already launched similar weeklong actions against Walmart and announced upcoming boycotts of Amazon (May 6–12), Walmart again (May 20–26), and McDonald’s (June 24–30). The organization’s founder, John Schwarz, said the goal is nothing short of shifting the economic power balance.
“We are going to remind them who has the power,” Schwarz said. “For one day, we turn it off. For one day, we shut it down. For one day, we remind them that this country does not belong to the elite, it belongs to the people.” As for Target, its top executives continue to downplay the damage. During a recent earnings call, Chief Financial Officer Jim Lee described the outlook for 2025 as uncertain, citing the “ripple” effects of tariffs and a wide range of possible outcomes. “We’re going to be focusing on controlling what we can control,” Lee said. But discontent is spreading internally. A Reddit post from a worker claimed, “The HR rep is doing his best to stop the bleeding, but all he did was put a Bluey band-aid on what is essentially a severed limb.”
Several employees criticized the company’s internal rewards system, “Bullseye Bucks,” for offering what amounts to play money. “Can’t pay rent or buy food with Bullseye Bucks,” one wrote. Others urged their colleagues to join unionizing efforts. “Imagine how much Target would lose their mind if they were under a union contract,” one team leader wrote. “It needs to happen at this point.” One former manager said they left the company after an insulting raise. “Quit last year when they gave me a 28-cent raise. Best decision I’ve ever made.” From store floors to boardrooms, the pressure is growing on Target. And as calls for justice, equity, and worker rights get louder, one worker put it plainly: “We’re all screwed—unless we fight back.”
#NNPA BlackPress
Confederates Whistle Dixie Tunes and Black MAGA Applauds
BLACKPRESSUSA NEWSWIRE — They include Black MAGA supporters who’ve chosen silence—even solidarity—as racism escalates from campaign rhetoric to federal policy.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
In Donald Trump’s second term, the faces of compliance are no longer just white. They include Black MAGA supporters who’ve chosen silence—even solidarity—as racism escalates from campaign rhetoric to federal policy. When Trump returned to the White House, he did so with a platform not just soaked in bigotry but engineered to roll back civil rights and diversity efforts on every front. And while his white base cheered, many of his Black allies—those donning MAGA hats and taking up seats on the frontlines of his rallies—chose loyalty over principle, muting themselves as a wave of white nationalist policymaking targets their communities.
Their silence began long before Inauguration Day. During the 2024 campaign, Trump’s Madison Square Garden rally drew fire after a comedian on the lineup referred to Puerto Rico as “garbage.” But that wasn’t the only racist moment. As Florida Rep. Byron Donalds, one of Trump’s most visible Black surrogates, walked onto the stage, the campaign blasted “Dixie”—a song revered by the Confederacy and white nationalists. Donalds said nothing. And neither did the rest of Black MAGA. That same silence echoed in Springfield, Ohio, when Trump and his running mate, J.D. Vance, spread a false and racist claim that Haitian immigrants were “eating cats and dogs.” The fabrication was met with horror from civil rights advocates and journalists. But Trump’s Black supporters? Not a word.
Black MAGA loyalists, many of whom cite values, religion, and personal ambition as their rationale, have essentially normalized the very racism that their grandparents fought to dismantle. Pew Research shows that while only 4% of Black Americans identify as Republicans, those who do often express a belief that the GOP better represents their values—even as those values are trampled by the very administration they support. One study published in Sociological Inquiry found that Black Republicans often “reframe racism in a way that makes their alignment with white conservatives more palatable,” even when it involves rationalizing policies that harm Black communities. And harm is precisely what Trump’s policies are doing. Since taking office, Trump has issued a barrage of executive orders aimed at eliminating diversity, equity, and inclusion initiatives across the federal government. Agencies that serve minority communities have faced massive defunding, DEI offices have been shuttered, and civil rights enforcement has all but disappeared. As noted in The Hill, the goal is not just the destruction of policy—it’s the erasure of progress itself.
“Every act of Trump’s second term has been a white-nationalist signal,” wrote one analyst in The American Prospect, calling MAGA an “identity movement” that champions white grievance over democratic principle. There is little space for Blackness, except as a prop. And yet, some Black Trump supporters defend the administration with defiance. One such supporter, who canvassed for Trump in 2024, told The Independent he was called the N-word by fellow conservatives. Rather than walking away, he doubled down on his allegiance. The consequences of this allegiance are becoming deadly clear. As TIME reported, nearly 20% of Trump supporters said freeing the slaves was a mistake. According to The Washington Post, support for Trump has long been fueled more by racial resentment than economic concerns, and that resentment has now translated into policy.
A report from Press Watch concluded that Trump’s base continues to be driven by a desire to protect white dominance and suppress nonwhite progress, particularly through culture war battles over schools, immigration, and federal hiring. Even academic journals have noted that wearing a MAGA hat has become “a proxy for racialized identity”—an affirmation of white supremacy, no matter who’s wearing it. Meanwhile, The Conversation documented how MAGA’s rise has coincided with increased armed intimidation at polling places, violent rhetoric against journalists, and calls to monitor so-called “urban” neighborhoods—all with Trump’s encouragement. The Black MAGA base has not only failed to object—they’ve offered Trump moral cover. Whether out of personal ambition, political opportunity, or delusion, they’ve made peace with racists, while the administration they uphold works tirelessly to erase the freedoms won through generations of Black struggle. As The American Prospect put it: “Trump’s MAGA identity is a movement rooted in white identity politics. That some Black Americans have chosen to stand inside of it doesn’t make it less racist—it makes it more dangerous”
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