By Racquel Williams-Jones | President & CEO
We are thrilled to share exciting progress from the Resident Owned Business Incubator (ROBI) as we continue to empower entrepreneurs and change lives. Over the past few months, we have celebrated significant milestones, all made possible by the generous support of our donors.
Piranha Pitch Success
ROBI recently completed its 8th Piranha Pitch competition, a hallmark of our program where aspiring entrepreneurs have the opportunity to present their business ideas and win financial support to take their ventures to the next level. We extend our heartfelt congratulations to our recent winners:
These dynamic entrepreneurs represent the heart of ROBI’s mission: giving individuals who have often faced immense obstacles the resources and confidence they need to build successful businesses.
Expanding Our Reach
In an exciting new development, ROBI is transitioning to a fee-for-service model, which will open our program to students and entrepreneurs beyond the DC metro area. This will enable us to reach even more individuals across the nation who are eager to start their own businesses.
As part of this expansion, we are completing the necessary steps to become eligible training providers on the Eligible Training Providers List (ETPL). This will give us reciprocity with the American Job Center Lists in Maryland and Virginia, allowing us to support even more entrepreneurs in these regions. The application fee alone for this process is $3,000, a substantial investment that will enable us to offer our program to a wider audience.
Empowering Entrepreneurs Against All Odds
This quarter, we successfully licensed 12 entrepreneurs who are battling extraordinary personal challenges, including foster care, child custody battles, and homelessness. It is often heartbreaking to witness the adversity that some individuals must overcome just to have a chance to pursue their dreams. Yet, it is precisely this courage and resilience that fuels our commitment to them.
With your support, we continue to offer these brave individuals not just hope, but the tangible resources they need to succeed. From personalized coaching to website development, domain hosting, and branding support, ROBI ensures that each entrepreneur is fully equipped to enter the competitive marketplace with confidence and legitimacy.
The Audacity to Dream
We believe that everyone, regardless of their background or circumstances, deserves the opportunity to create their own path to prosperity. America has historically built wealth on the backs of the poor, and now, it is time for the poor to have their own shot at wealth creation. The Resident Owned Business Incubator exists to level the playing field and to give disadvantaged entrepreneurs a fighting chance at success.
As the visionary behind ROBI, I know all too well what it means to be discounted—people often assumed that nothing good could come from a poor welfare mom. But those doubters were wrong. The lives we change daily through this program prove that poverty is no barrier to vision, and with the right support, anyone can achieve greatness.
Your continued support shows that you, too, believe in this vision. Together, we are creating opportunities where they once seemed impossible, and we are giving entrepreneurs the chance to realize their dreams.
Looking Ahead
As we move into the fourth quarter of 2024, we are excited about the future. With the expansion of our reach, the continued success of our entrepreneurs, and the unwavering belief that every individual deserves a fair shot, we are poised to make an even greater impact in the months to come.
Thank you for your belief in ROBI and the entrepreneurs we serve. Here’s to making even more dreams come true in the fourth quarter and beyond!
By RW Jones | President & CEO
By Racquel Williams-Jones | President & CEO
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