Funds To Support EforAll’s National Expansion Efforts
LOWELL, Mass. – January 9, 2024 – Entrepreneurship for All (EforAll), a nonprofit organization whose mission is to accelerate economic and social impact through inclusive entrepreneurship, has secured a $150,000 grant from the Patrick J. McGovern Foundation to help support its national expansion efforts. EforAll currently offers its no cost business accelerator programs in thirteen communities and is launching its first fully virtual Business Accelerator pilot program serving Arizona, California and Texas residents this month.
“At the Patrick J. McGovern Foundation, we envision a human-centered, tech-enabled future where purpose-driven innovation and inclusive entrepreneurship prevail,” said Foundation President Vilas Dhar. “We are delighted to partner with EforAll as they build technology to engage with aspiring entrepreneurs in new ways and reach their ambitious goal of scaling their approach to serve underrepresented entrepreneurs nationwide in the coming years.”
The Patrick J. McGovern Foundation has been an ongoing sponsor of EforAll, providing the organization a total of $450,000 in grants since 2020 with a goal of helping EforAll scale its operational infrastructure to support more entrepreneurs.
“EforAll is uniquely positioned to help under-represented individuals start businesses and nonprofits that address a real need and create jobs in communities nationwide,” said Meralis T. Hood, Chief Executive Officer of EforAll. “We are thrilled to have the continued support of such an esteemed organization as the Patrick J. McGovern Foundation, who shares our dedication to supporting these aspiring entrepreneurs.”
Available at no-cost, EforAll’s Business Accelerator program provides participants with immersive business training, mentorship and the opportunity to win seed money. Programming is available in both English and Spanish (EparaTodos). To date, 84% of its graduating ventures have been women owned, 69% are BIPOC (Black, Indigenous People of Color) owned and 33% are immigrant owned.
To learn more about EforAll, visit https://eforall.org.
Entrepreneurship for All (EforAll) is a nonprofit organization that partners with communities nationwide to help under-represented individuals successfully start and grow a business through intensive business training, mentorship and an extended professional support network. To date, EforAll alumni have launched over 1,400 businesses. In 2022 alone, its businesses provided 2,108 local jobs and generated over $66M in revenue. Programs are available in both English and Spanish. EforAll current locations include Longmont, Colo.; Lowcountry, South Carolina; Maine; Northwest Arkansas, Rhode Island; and the following Massachusetts communities: Berkshire County, Cape Cod, Fall River/New Bedford, Merrimack Valley, Lynn, Pioneer Valley, Roxbury and Worcester. To learn more about EforAll, please visit eforall.org.