Carver Federal Savings Bank and Greater Harlem Chamber of Commerce Announce 2022 Minority Woman-Owned Business Pitch Competition


DGAP-News: Carver Bank
Carver Federal Savings Bank and Greater Harlem Chamber of Commerce Announce 2022 Minority Woman-Owned Business Pitch Competition
01.09.2022 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

(NASDAQ: CARV) Carver Federal Savings Bank (“Carver” or the “Bank”), a Minority Certified Depository Institution (“MDI”), in partnership with the Greater Harlem Chamber of Commerce (GHCC), announced The 2022 Minority Women-Business Pitch Contest held during recent Harlem Week festivities.

The contest, which begins Thursday, September 1, 2022 at 12:00 p.m. ET and ends Thursday, September 22, 2022 at 3:00 p.m. ET, was designed in response to climate change and the disproportionate negative impact on communities of Color. Women entrepreneurs 18 years of age or older, whose businesses are located in the Greater New York Area, are invited to submit a written application and business plan during the competition period, which details their plans for improving the energy efficiency of their business.

A total of $10,000 will be awarded to two minority women business owners, each receiving $5,000.

Carver Bank Chairman and CEO Michael Pugh said: “Climate change is an existential threat to us all and it’s up to business owners to do their part to make their operations more environmentally friendly. However, not all small business entrepreneurs have the means or access to capital to make these critical updates to their business – and this is especially true for women and minority-owned small business owners. , who have historically had fewer opportunities to generate wealth and access financial capital. Therefore, we are thrilled to partner with the Greater Harlem Chamber of Commerce and provide these women-owned businesses with a platform to showcase their creativity and a means to access the funds needed to make their businesses more sustainable. and viable for years to come.

The top five shortlisted applicants will be invited to pitch their business pitch to a panel of judges, comprised of Carver and GHCC executives, at an event on Friday, September 30, 2022, with an official announcement of the winners taking place at a Greater Harlem Chamber of Commerce event on Wednesday, October 5, 2022.

The prizes will be awarded in the form of grants, which can be used to purchase equipment, technology or operational systems to support energy efficiency and improvements. In addition to the grant, competition winners will have access to a member of the Carver leadership team for six months to discuss grant strategy and implementation, as well as additional resources needed to support the grant. ‘company. Winners will be recognized in October at the historic Schomburg Center for Research in Black Culture.

Those interested in learning more about the program should visit or email for details.

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About Carver Bancorp, Inc.

Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company of Carver Federal Savings Bank, a federally chartered savings bank. Based in Harlem, NY, Carver was founded in 1948 to serve African American communities whose residents, businesses and institutions had limited access to traditional financial services. The US Treasury Department designated Carver as a Community Development Financial Institution (CDFI) because of its community-focused banking services and dedication to the economic viability and revitalization of its local community. Carver is the largest bank run by African and Caribbean Americans in the United States. The Bank recently expanded its online presence to include checking and savings accounts in nine states, from Massachusetts to Virginia and Washington, DC. For more information, please visit the Company’s website at Be sure to connect with Carver on Facebook, LinkedIn and Twitter.

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to various factors, risks and uncertainties. More information about these factors, risks and uncertainties can be found in our filings with the Securities and Exchange Commission.

SOURCE Carver Federal Savings Bank

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William Thomas

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Butler Associates Public Relations

Thomas Butler

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01.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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