EQS-News

WINNERS of Carver Federal Savings Bank and The Greater Harlem Chamber of Commerce 2022 Women Business Pitch Competition

EQS-News: Carver Bank WINNERS of Carver Federal Savings Bank and The Greater Harlem Chamber of Commerce 2022 Women Business Pitch Competition 17.11.2022 / 16:01 CET/CEST The issuer is solely responsible for the content of this announcement. Carver Federal Savings Bank ("Carver" or the "Bank"), a U.S. Treasury certified Community Development Financial Institution (CDFI) in in partnership with The Greater Harlem Chamber of Commerce (GHCC), announced the winners of the 2022 Minority Women-Owned Business Pitch Competition.

Dozens of Harlem business owners, community leaders, and public officials came together to highlight important community issues and recognize two women-owned businesses that are making strides to reduce their carbon footprint. The entrepreneurs received a $5,000 Carver Bank grant to fund initiatives that would enhance energy efficiency at their company.

The competition, designed to encourage sustainable investments in climate change measures to reduce the disproportionate negative impact on communities of color, invited applicants to submit written business plans that were judged by a panel of Carver Bank Executives. Throughout the contest period the competition drew interest from female entrepreneurs across New York State.

Carver Bank President and CEO Michael T. Pugh said, “The Women Business Pitch contest is about the entrepreneurial journey of our customers and what they stand for. These contest winners are but two of the many examples of successful business leadership that our entrepreneur program helps to uplift in our banking community.”

He added, “both winners are using their business and taking innovative steps to counteract climate change. One – Simplee Beautiful – is expanding their use of LED efficient illumination and deploy the resulting energy cost savings to launch a new CBD Hemp product line – a first of its kind in Harlem. The second entrepreneur – The Brownstone – is applying novel marketing methods to conserve hundreds of thousands of pages of paper from trees by creating a digital catalogue she can instead distribute to over 5,000 of the retail company’s loyal customers. These small actions by small business, seed significant climate returns in terms of reducing carbon emissions while growing new business.”