Phoenix, December 4, 2025
SEED SPOT has named Shannon McGhee as its new CEO, effective December 1, 2025. With over a decade of experience in equitable entrepreneurship, McGhee aims to enhance support for underrepresented entrepreneurs. SEED SPOT has positively impacted thousands of founders nationwide, underlining its commitment to economic growth and innovation.
Phoenix, Arizona – SEED SPOT, a national social impact incubator dedicated to empowering purpose-driven entrepreneurs, has announced Shannon McGhee as its new Chief Executive Officer, effective December 1, 2025. This appointment reflects SEED SPOT’s commitment to bolstering entrepreneurial innovation and supporting small businesses that drive economic growth across the nation.
Shannon McGhee brings over a decade of experience in fostering equitable entrepreneurship and community-focused economic development. Her impressive background includes serving as Vice President of Programs and Engagement at mHUB, the leading independent hardtech innovation center in the country, where she successfully advanced initiatives that contributed significantly to the growth of numerous startups.
Leadership Experience and Achievements
At mHUB, McGhee played a pivotal role in overseeing programs that generated more than $2.02 billion in capital and $1.96 billion in revenue for participants. Under her leadership, mHUB participants secured 565 patents, launched 1,702 products, and created 6,809 jobs. McGhee also significantly increased membership by over 35% and enhanced participation from companies owned by underrepresented founders by 20% within just two years. This experience is likely to translate into valuable strategies for enhancing SEED SPOT’s influence and reach.
Commitment to Supporting Underrepresented Entrepreneurs
McGhee’s appointment aligns seamlessly with SEED SPOT’s mission of equipping underrepresented entrepreneurs with essential business resources. Since its inception, SEED SPOT has made a substantial impact by supporting over 4,600 founders across the country. These entrepreneurs have collectively generated $447 million in revenue and have raised over $229 million in capital, leading to the creation of 11,000 jobs. This impressive track record highlights the organization’s commitment to equity in entrepreneurship, with 83% of those served coming from underrepresented communities—66% being entrepreneurs of color and 62% being women.
About SEED SPOT
Founded in 2012, SEED SPOT operates as a 501(c)(3) nonprofit organization dedicated to educating, accelerating, and investing in diverse entrepreneurs who are creating solutions to pressing social problems. The organization emphasizes economic inclusion and equity, facilitating connections between underrepresented business leaders and vital resources through strategic partnerships with various organizations, including the Best Buy Foundation, NBA Foundation, and EY.
Looking Ahead
Under Shannon McGhee’s leadership, SEED SPOT is set to enhance its support for purpose-driven entrepreneurs, furthering its mission to drive innovation and job creation in Phoenix and beyond. As the local economy continues to evolve, the growth of small businesses, particularly those led by underrepresented founders, will play a crucial role in the region’s overall economic health.
Business owners and aspiring entrepreneurs are encouraged to engage with SEED SPOT’s programs to leverage the resources designed to foster resilience and foster success in a dynamic economic landscape.
Key Features
| Feature | Details |
|---|---|
| Leadership Appointment | Shannon McGhee appointed as CEO, effective December 1, 2025. |
| Professional Background | Over a decade in equitable entrepreneurship; former VP at mHUB. |
| Commitment to Equity | Supports underrepresented entrepreneurs; 83% served from underrepresented communities. |
| About SEED SPOT | Founded in 2012; educates, accelerates, and invests in diverse entrepreneurs. |
Frequently Asked Questions (FAQ)
Who is Shannon McGhee?
Shannon McGhee is the new Chief Executive Officer of SEED SPOT, effective December 1, 2025. She has over a decade of experience in advancing equitable entrepreneurship and community-centered economic development, previously serving as Vice President of Programs and Engagement at mHUB, the nation’s leading independent hardtech innovation center.
What is SEED SPOT?
SEED SPOT is a national social impact incubator that educates, accelerates, and invests in diverse entrepreneurs creating solutions to social problems. Founded in 2012, the organization is committed to equity and economic inclusion, connecting underrepresented entrepreneurs to critical business resources through various partnerships.
What are SEED SPOT’s key achievements?
Since its founding, SEED SPOT has supported more than 4,600 founders who have generated $447 million in revenue, raised over $229 million in capital, and created 11,000 jobs across the country. Notably, 83% of those served are from underrepresented communities, 66% are entrepreneurs of color, and 62% are women.
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