KeyBank Supports Seasoned Gives' Bank Tank Business Financing Pitch Competition for Minority Small Business Owners and Entrepreneurs

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KeyBank and Seasoned Gives Collaborate to Revolutionize Business Financing with Bank Tank Pitch Competition at Dutchess Community College, Awarding $11,500 in Small Business Grants

NORTHAMPTON, MA / ACCESSWIRE / November 16, 2023 / On Saturday, October 21^st, KeyBank joined forces with Seasoned Gives, a nonprofit organization that supports women- and BIPOC-owned small businesses and entrepreneurs to present Bank Tank: Revolutionize Business Financing Pitch Competition at Dutchess Community College. The event was a collaborative effort between Seasoned Gives, KeyBank, and Dutchess Community College, with a strong focus on promoting diversity and inclusion within the local entrepreneurial world. A total of $11,500 in small business grants unwritten by KeyBank were awarded to contest winners.

Conceived by Seasoned Gives founders and small business owners Tamika and Martin Dunkley, Bank Tank aimed to bridge the gap between traditional banking and underserved small business owners and entrepreneurs. It offered local entrepreneurs the opportunity to compete for prize money and receive mentorship from small business experts. Approximately a dozen small business owners and entrepreneurs participated in the event, pitching their business ideas to a judging panel of local business leaders in a format similar to ABC-TV's popular Shark Tank show. The judges based their decisions on overall presentation, product/plan, financials and economic impact.

The winners of 2023 Bank Tank competition were:

• $10,000 Grand Prize Winner -Career InTouch, owner Calief Housen
• $1,000 First Runner UP - Play Pop, owner Kris Weiss
• $500 Second Runner UP- Benny's Tropical Ice, owner Kamir Jackson

Additional finalists competing in Bank Tank were:

• Nandie's Cupcakes- Nandie Clark
• Lenahc Vetements-Chanel Clark
• As One Flight, LLC- Nikki Chung, M.S.
• Teadaytea, LLC- Nicole Carroll
• Vidl Barbershop- Alex Vivar
• SATZ Hair- Annazette Allen

Participating as judges were KeyBank Regional Retail Leader Louis Hoxha, KeyBank Business Banking Leader Wallace Lynch, Eleven3Seven5 Founder and CEO Anita Pierce, and Dutchess Community College Assistant Professor of Business Management Maureen Peters-Gittelman.

In preparation for Saturday's pitch competition, Seasoned Gives paired competitors with ‘seasoned' mentors who worked with the entrepreneurs over several weeks to strengthen and refine their business pitches, and offered deep insights into market trends, regulations, and technology integration. Mentors included Tim McQueen of McQueen Associates, Chelsea Miller of Curry & Miller, Martin and Tamika Dunkley Seasoned Gives mentors.

Tamika Dunkley sees Bank Tank as more than a just a competition for funding; she sees it as a way to make introductions to investors and sponsors who can provide mentorship that will help even the playing field for talented underserved entrepreneurs. "Grass roots initiatives like Bank Tank can have the power to reshape small business financing, nurturing growth and innovation, and positioning BIPOC businesses for promising futures," said Dunkley. "We were able to introduce small business owners to bankers and mentors that they can now leverage for their businesses' growth and future success."

Seasoned Gives anticipates that Bank Tank will be an annual event. For more information and to sign up for next year's event, visit https://www.seasonedgives.org/bank-tank

About Seasoned Gives

Empowering People Through Education and Ownership

Seasoned Gives, a 501(c)(3) organization located in the Hudson Valley, New York, has a mission to create lasting solutions to poverty, hunger, and social injustice through education, ownership, and self-sufficiency. Key programs include the following

• Financial Literacy: Over the past 4 years, they've reached over 10,000 people through in-person and online financial literacy programs. These initiatives equip individuals with essential financial knowledge, providing them with tools for better financial decision-making.
• Business Support: They've assisted hundreds of businesses establish, securing funding, helped them grow and thrive. By strengthening local businesses, Seasoned Gives fosters economic stability and create employment opportunities in the Hudson Valley.
• Workforce Development: They provide personal development coaching, resume building, classes and tools to empower people to be the best version of themselves possible.

View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.

Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com

SOURCE: KeyBank

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FAQ

What is Bank Tank and who organized it?

Bank Tank is a pitch competition organized by KeyBank and Seasoned Gives to support women- and BIPOC-owned small businesses and entrepreneurs.

Who were the winners of the 2023 Bank Tank competition?

The winners were Career InTouch, Play Pop, and Benny's Tropical Ice.

Who were the judges in the Bank Tank competition?

The judges included KeyBank leaders, the CEO of Eleven3Seven5, and a Dutchess Community College Assistant Professor.

What is the goal of Bank Tank according to Tamika Dunkley?

Tamika Dunkley sees Bank Tank as a way to introduce small business owners to bankers and mentors, reshaping small business financing and nurturing growth and innovation.