The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, today announced the launch of the second annual PenFed Foundation Black History Month Ignition Challenge. The challenge supports Black veteran, active duty, guard, reserve, and military spouse entrepreneurs by helping them to identify their business impact and goals, and providing an opportunity to compete to win funding and mentorship.
“PenFed is proud to celebrate Black History Month and support the Veteran Entrepreneur Investment Program’s Ignition Challenge for Black entrepreneurs,” said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. “Black-owned businesses are a significant and quickly growing part of the American economy, and the PenFed Foundation is committed to supporting these vitally important members of our community.”
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