Reddix Rules Announces Start of Third Creating a Millionaire Competition
Funding, Guidance Provided for Minority Women Small Businesses in the United States
Norfolk, VA – May 18, 2022 – The Reddix Rules Fund announced the start of its third year of the Creating a Millionaire competition. The competition features ten women of color vying for funding while receiving mentoring and coaching to develop their business acumen. Reddix Rules will provide assistance to the competitors in the areas of entrepreneurship training, mental wellness coaching, and mentorship. The 2022 Reddix Rules Cohort will be announced Thursday, May 19, 2022 at 11:00 a.m. at Mount Trashmore in Virginia Beach, VA.
The Reddix Rules Fund was conceived in response to businesses struggling in the midst of the COVID-19 pandemic in 2020. The fund is the brainchild of Dr. Angela D. Reddix, founder, and CEO of ARDX®, global healthcare and IT consulting conglomerate. Dr. Reddix felt compelled to partner with key stakeholders and provide opportunities to help minority women business owners weather the current business climate and grow. Dr. Reddix envisioned a “Shark Tank” style competition that would provide funding and tools for sustainability.
“I am thrilled to continue this tradition of building bridges to economic empowerment for women of color businesses owners. The Reddix Rules Fund endeavors to not only create successful business owners but create employers,” said Dr. Reddix. “The formula to success begins with enhancing operational excellence, building mental resilience, and cultivating strong mentorship relationships.”
There will be a total of $25,000 in business funding awarded. This year’s Platinum Sponsor of the Reddix Rules Cohort 3 is Bank of America along with other sponsors including Grow with Google and KW Brown Ministries. If you are interested in becoming a sponsor for The Reddix Rules Cohort 3, please email us at email@example.com.
“We are looking forward to watching this cohort flex their entrepreneurial and creative muscles throughout the competition,” said Frank Castellanos, Bank of America President of Hampton Roads. “The investment we made in this program is representative of our commitment to supporting business owners from diverse backgrounds in Hampton Roads and across the nation.”
The Reddix Rules program was initially launched in the midst of COVID-19 to assist black-owned businesses that were brutally impacted by the global health crisis. Reddix Rules will transform communities of poverty into communities of prosperity by pushing sustainable businesses to expand the workforce and create jobs.
About Dr. Angela D. Reddix
Dr. Reddix was recently recognized on the 2021 EBONY Power 100 List in the category of Innovation Leader. She is a visionary, globally recognized for her efforts in fostering entrepreneurship amongst girls and women. She is the founder of the Envision Lead Grow Program (ELG). ELG was developed for young women in the United States to help them shift their mindsets to becoming successful entrepreneurs.
The principles she shares help women shift their mindset from hopeless to a life of purpose and fulfillment. Her Eight Seeds of Success create the foundations of how to build a successful business and how to build a successful life. In its first year, ELG touched the lives of over 400 girls. Since then, Envision Lead Grow has visited over 164 cities, training and developing over 2,218 girl bosses across the country.
For additional information, visit www.angelareddix.com, or follow Dr. Angela on Instagram, LinkedIn, and Facebook.
Angela Reddix Enterprises
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