In its fourth year, the Famous Amos
Ingredients for Success Entrepreneurs Initiative helps Black small
businesses excel long-term
CHICAGO, June 24,
2024 /PRNewswire/ -- Today, Ferrero North America, in partnership with the
U.S. Black Chambers, Inc., announced its 2024 Famous Amos
Ingredients for Success Entrepreneurs Initiative, an annual
national program in its fourth year that provides a capital award,
resources and mentorship services to Black early-stage businesses.
The program invites eligible start-up businesses to apply for the
opportunity to receive a $50,000
award on the website FamousAmosIngredientsForSuccess.com
through August 4, 2024.
Eligible businesses must be at minimum 90% Black-owned, in
business for five years or less, and headquartered in the United States. The businesses must be
owned by individuals 21 years or older. To be considered,
applicants must submit a 90-120 second pitch video that explains
why they should receive the $50,000
award for their business. This year's winners and finalists will
join an established network of entrepreneurs who have grown their
businesses with the help of the program.
"Ferrero North America and Famous
Amos continue to support the Ingredients for Success program in its
fourth year to honor the legacy of Wally
Amos," said Rachna Patel,
Vice President of Marketing for Famous Amos. "The purpose of
Ingredients for Success is to help Black-owned businesses grow and
ensure they are equipped with resources that lead to long-term
success. We look forward to continuing to make an equitable impact
on the Black business community with the help of our partner this
year, the U.S. Black Chambers, Inc."
The U.S. Black Chambers, Inc. will serve as the community
partner of Famous Amos in the fourth year of the Ingredients for
Success Entrepreneurs Initiative. The partner's support for the
program includes a range of services designed to assist
entrepreneurs, including workshops, mentor pairing, educational
resources and more.
"The U.S. Black Chambers is proud to bring our vast experience
in supporting and uplifting Black business – from advocacy to
mentorship – to the Famous Amos Ingredients for Success network,"
said Ron Busby Sr., President and
CEO of the U.S. Black Chambers, Inc. "Ingredients for Success has
impacted nearly 10,000 entrepreneurs so far with its mission to
reach and empower start-up Black businesses. As the National Voice
of Black Business, we are committed to providing even more Black
business owners with the benefits of the program and access to
additional resources and support so that this strong community of
leaders has everything they need to reach their potential."
At the close of this fourth program cycle, three grand-prize
winners will be selected by a panel of renowned Black entrepreneurs
including Steve Canal, Grant Warner, and Kendra
Bracken-Ferguson to receive an award of $50,000 in capital business funds, wrap-around
business resources and services, as well as publicity. There have
been three previous program cycles since 2021, so far awarding
$450,000 to a total of nine winners.
Each year, the program receives more than 2,000 applications for
review and consideration.
For more information, please visit
FamousAmosIngredientsForSuccess.com.
MEDIA CONTACT
Kadeja
Tyler
ktyler@explorefcg.com
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SOURCE Ferrero North America