When Capt. Michael Steadman retired from the Marine Corps, he was looking for what to do next.
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He chose the latter.
He wanted to share the appreciation he had for boxing by offering a similar program to low-income areas. And that's where IRONBOUND Boxing was born.
"We're focused on training, educating and employing young men and women from the inner city."
Steadman was able to form a good working relationship with the City of Newark, N.J., and the city offered him a free space to turn into a boxing academy and train young adults for free.
"One of the things I've built out is a corporate wellness business that teaches boxing to companies as a form of employee wellness," Steadman said on "Making Money with Charles Payne." "A lot of companies in New York City metro area are having yoga instructors, meditation instructors to keep and retain talent, and we'd like to provide them with onsite boxing instructors."
"We're creating an ecosystem where we're able to train kids for free in communities like Newark, and then get them employed as boxing trainers in corporate settings."
Steadman said it's been a blessing to see the kids grow in the program over the past few years.