CFG Bank Arena ‘Fearless Club’ biz plans

Article posted by Coliseum, April 12^th, 2023

Image: Fearless

The software development company Fearless’ name will grace the CFG Bank Arena in Baltimore, Maryland (US) as part of a partnership that will create a new fund to support minority-owned businesses.

‘BALTIMORE BUSINESS JOURNAL’ stated that the newly renovated downtown arena’s largest club space, the 900-person East Club, will now be known as the ‘Fearless Club’. The technology company plans to use the space to host local business partners. As part of the partnership, arena developer Oak View Group (OVG) is investing $50,000 into a Fearless-led fund to support minority-owned businesses and workforce development.

Baltimore, Maryland (US)-based Fearless build powerful and scalable technologies that make a real difference in people’s lives. The company works hard to help its clients think bigger about how to provide services and experiences in the digital age. Using best-in-class technology and agile and DevOps approaches, it is modernizing and transforming the experiences of millions of people. The company constantly pushes the envelope so that it doesn’t just stay ahead of the tech industry: They help drive it forward.

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The 14,000-capacity CFG Bank Arena is a multipurpose arena in Baltimore, Maryland (US). This venue is located about one block away from the Baltimore Convention Center on the corner of Baltimore Street and Hopkins Place and also only a short distance from the Inner Harbor.

The OVG Oak View Group, LLC is an American Global Advisory, Development and Investment Company for Sports and Live Entertainment industries. Based in Los Angeles (US), it was formed on November 16^th, 2015 by Tim Leiweke and his business partner, Irving Azoff. Leiweke is the company’s Chief Executive Officer (CEO).

‘BALTIMORE BUSINESS JOURNAL’ further stated that the Los Angeles-based company and Fearless will develop a sustainable source of revenue to increase the size of the fund and build on Oak View’s annual contributions. Fearless plans to use the club box on days where there is not a concert to host job training programs or business meetings.

Maintained Delali Dzirasa, Fearless head honcho, “We think there are really powerful ways to connect people in a way that’s a lot deeper than an event here and there but with consistent programing that brings people together.”

The Fearless Impact Fund will focus on technical assistance and entrepreneurial coaching, scholarships, fellowship opportunities, and other programs. Fearless already has experience working with small, minority-run businesses through its Hutch incubator. Last Fall, the incubator announced it would nearly double the number of its cohort companies from 25 to 45 through a grant from the Federal Government and the Baltimore Development Corporation. Fearless is on track to hit $100 million in revenue in 2023.

The Fearless Impact Fund will initially focus on technical assistance and entrepreneurial coaching, scholarships for training and workforce development programs and fellowship opportunities, among other things.

Fearless is not the only local company with a presence in the remodeled venue. East Baltimore mainstay Jimmy’s Famous Seafood, H&S Bakery and Sagamore Spirit will serve food and drink at the CFG Bank Arena.

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