Cummins Invests in the Future of 12 Black Female Entrepreneurs Through Grant Program
January 08, 2021 at 05:15 AM EST
SOURCE: Cummins Inc.DESCRIPTION:
COLUMBUS, Ind., January 8, 2020 /3BL Media/ - Cummins Inc. (NYSE: CMI) and the Women’s Business Enterprise National Council (WBENC) are proud to announce the recipients of the inaugural WBENC Cummins Grant for Black Student Female business owners. The new grant initiative demonstrates Cummins’ commitment to future owners by providing 12 student entrepreneurs with up to $6,000 in funding to invest in their businesses.
Black women are starting businesses faster than any other segment; in 2019, 1,625 new businesses were started by women of color every single day. Despite this, these businesses experience greater difficulties in securing access to capital and receiving funding to grow their businesses. The COVID-19 pandemic has only heightened the urgency of the situation, with minority-owned businesses among the most negatively impacted.
To continue to invest in the communities where Cummins employees and stakeholders operate, Cummins partnered with WBENC to launch this important program. “Key elements of the program involve connecting Black experienced woman business owners and executives with Black college entrepreneurs and companies driving change for a healthy planet,” added Hutton. The 12 selected grantees are inspiring young leaders and innovators focused on tackling some of society’s most difficult challenges with responsible products, services, and solutions appealing to individual consumers and corporations.
Meet the 2020 WBENC Cummins Grant for Black Student Female Entrepreneurs Grantees
Zoleka Mosiah: FogOnyx
Dia Davis: DelivHer FemCare
Leyanis Diaz: MAJOR
Audra Huffmeyer: Fil₂R
Diamonique Lundy: SoLo's Food LLC
Nicole Toole: Conserve Innovations
Ashley McMichael: The Innovative Academy of Liberal Arts & Sciences
Ayodele Aigbe: Hangio
Mac-Jane Crayton: Dream Mentorship
Jannice Newson: Lillian Augusta
Portia Thomas: Vagiome
Tishauna Wilson: Tasckq
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Tweet me: .@Cummins and the Women’s Business Enterprise National Council announced the recipients of the first WBENC Cummins Grant for Black Student Female business owners, providing 12 student entrepreneurs with up to $6k to invest in their businesses. https://bit.ly/2MJ76uV @WBENCLive
KEYWORDS: Cummins Inc., Cummins, NYSE:CMI, Women’s Business Enterprise National Council, WBENC