Detroit Free Press: Ilitch School partner Ally hosts competition to solve Detroit-based problems

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Several historically Black colleges and universities students walked away with internships and thousands of dollars in scholarships after creating business plans that would solve Detroit-based problems in a competition. The second annual HBCU business plan pitch competition, called Moguls in the Making, was hosted Sunday by Ally Financial Inc., which is based in Detroit. Ally Financial partnered with the Thurgood Marshall College Fund and Big Sean's the Sean Anderson Foundation to host the event. Excitement was shared virtually Sunday evening as teams from 11 HBCUs had the opportunity to share how they would solve Detroit-based problems. Students and their mentors were focusing on arts and entertainment, banking and finance, leisure and hospitality, health and wellness, real estate, education, energy, automotive, government and nutrition. Ally Financial hosts similar opportunities for students who attend universities in Detroit. Mentors from the company have been active with the Mike Ilitch School of Business at Wayne State University for about seven years, said Reggie Willis, chief diversity officer at Ally Financial.

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