T.D. Jakes and Wells Fargo award $500k to Black-owned businesses at Dallas pitch competition

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The grant competition encourages minority small business owners and entrepreneurs to pitch their startups for money prizes.

Dallas Megachurch Pastor T.D. Jakes at the Good Soil Forum Seed Pitch Competition, June 14, 2024 at the AT&T Performing Arts Center in Dallas, Texas.As she woke up on Friday at the Residence Inn in Downtown Dallas, she felt calm. God had prepared her for this moment. She filled the hotel bathroom with steam from the shower and the day’s worship song: “Big,” by Pastor Mike Jr.

“I can feel a certain sense of anxiety in the room,” the megachurch leader said as he kicked off the event.Each contestant had five minutes to sell their company and how they’d use the cash to a panel of judges. The second-place winner would take home a $100,000 grant, third place and the best entry from Dallas each would score a $75,000 grant and the most improved participant would get $50,000.At the inaugural Good Soil forum in Orlando last year, the total grant pool was $250,000.

“Can you believe that 80% of Black women feel like they have to switch their hair up from its natural state just to fit into corporate America?” Coleman said during her pitch. “That is totally unacceptable.” Dallas-owned QTP Foods scored second place and won the host award for a total of $175,000. Leah Whiten is the owner, head baker and operations and distribution manager for the company selling her grandmother’s pie recipe.Atlanta-based Fruition Hat Company took home third place with a $75,000 prize, and Good News Fitness, an Upper Marlboro, Md. coaching brand, earned $50,000 as the most improved.

Then he left William Morris to start his own film production company, MACRO Studios. Since starting in 2015, the company has made nearly 20 feature films and two T.V. shows and collected fifteen Oscar nominations and three wins. MACRO’s projects include “Judas and The Black Messiah,” “Sorry to Bother You,” and “Fences.”Co-founders and CEOs of The Fearless Fund Arian Simone, center left, and Ayana Parsons, center right, speak to journalists outside federal court in Miami, on Jan. 31, 2024. A U.S.

 

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