News Summary
The Wealth Summit Live returns to Baltimore for its third year, bringing together entrepreneurs and community members focused on financial literacy. This year features a $100,000 pitch competition supported by key organizations, targeting the promotion of local entrepreneurship and access to capital. Workshops will cover essential business topics, and community members can network with local businesses. Proceeds will support youth programming in Baltimore, reinforcing the summit’s mission of empowering future entrepreneurs and promoting financial awareness.
Baltimore’s Wealth Summit Live Returns with Financial Literacy Focus and $100K Pitch Competition
The Wealth Summit Live event is set to return to Baltimore for its third consecutive year, aiming to gather entrepreneurs, business leaders, and community members for an engaging experience centered around financial literacy.
Founded by Tony and Raven Parker, this summit is dedicated to fostering an understanding of financial principles and supporting local entrepreneurship. This year, the event features a significant new component: a $100,000 pitch competition, designed to help emerging businesses secure vital funding.
The pitch competition is powered by key organizations including the Economic Development Advisory Council (EDAC), Urbane Venture Fund, and the PNC National Center for Entrepreneurship. These partnerships underscore the event’s commitment to bridging the gap in access to capital within the community, which is critical for aspiring business owners to turn their visions into reality.
Workshops and Panels
Participants can expect an array of workshops and panels that will address various essential topics. Subjects will include real estate, artificial intelligence, technology, and strategies for securing funding. One of the highlighted panels is titled “From Kitchen to Empire,” which will guide attendees on entering the restaurant business. It features insights from local entrepreneur Ronnie Faulcon, owner of Shareef’s Grill, who emphasizes the importance of establishing a Limited Liability Company (LLC) and taking control of personal finances amid an uncertain job landscape.
Sydne Shaw, co-owner of Shareef’s Grill, highlights the summit’s broader mission to cultivate community growth and enhance financial awareness throughout Baltimore. The event will also showcase several local businesses, including Crust by Mac, Element with DJ Flow, Empanada Lady, Los Hermanos Tequila, and Nafasi Catering, providing participants with valuable networking opportunities.
Mentoring Future Entrepreneurs
Chef Maynard McMillan from Nafasi emphasizes the significance of mentoring younger entrepreneurs to ensure the continuation of financial literacy and business acumen in the community. This initiative is essential in helping new generations navigate the complexities of entrepreneurship.
Special Guests and Community Impact
The summit expects the participation of notable special guests, including Baltimore Mayor Brandon Scott, Imani Ellis of CultureCon, and Marcus Allen, co-founder of the Broccoli City Festival. Their involvement adds credibility to the event and underscores the importance of supporting community-driven initiatives.
While organizing the Wealth Summit Live presents challenges, the Parkers firmly believe in the positive impact it has on the community. They are committed to promoting financial literacy and entrepreneurial growth in Baltimore.
Proceeds and Community Support
As part of its commitment to giving back, 40% of the proceeds from the Wealth Summit Live will be donated to the CEO Empowerment Network. This nonprofit organization focuses on supporting youth programming in Baltimore, further enhancing the summit’s role in community upliftment.
Raven Parker articulates their passion for enacting change in a city where opportunities for such initiatives are limited. The Wealth Summit Live seeks not only to educate attendees but also to inspire a collective movement toward financial empowerment and entrepreneurial success in Baltimore.
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HERE Resources
Additional Resources
- Fox Baltimore: Wealth Summit Live
- Forbes: Wealth Management Teams
- Black Enterprise: United Justice Coalition Summit
- Wikipedia: Financial Literacy
- Google Search: Entrepreneurship Funding
Author: STAFF HERE BALTIMORE WRITER
BALTIMORE STAFF WRITER The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
