Lowell, MA — Entrepreneurship for All (EforAll), the nation’s foremost accelerator targeting inclusive entrepreneurship, announced that Sherree Capello has joined as Vice President of Finance and Administration.
As Vice President of Finance and Administration, Capello oversees all financial reporting, system controls, risk management, human resources and administrative operations.
Capello brings more than 20 years of accounting experience in the private and nonprofit sectors, as well as financial reporting processes for complex financial structures for numerous companies. Prior to joining EforAll, she was the Vice President of Finance at the Housing Partnership Network (HPN), where she helped the organization and its affiliates achieve a 40% increase in total assets, now resulting in $177 Million.
EforAll CEO David Parker says, “Sherree’s extensive experience in accounting, human resources, and administrative operations greatly benefits us as we continue to expand our reach both regionally and nationally. We are thrilled to have someone with such an incredible track record of success join the EforAll team.”
Capello says, “I was drawn to EforAll’s mission of inclusive entrepreneurship and am looking forward to applying my background and helping to ensure that EforAll operations are handled with efficiency and integrity.”
EforAll currently operates 5 sites in 6 communities. The organization’s 254 graduating entrepreneurs have created 431 jobs, generated $9.9M in annual revenues and raised $11.4M in capital. 83% of EforAll entrepreneurs are still in business. In an industry often lacking inclusion, the organization prides itself on the fact that 73% of their entrepreneurs are women, 52% are immigrants and 57% are minorities. Three out of five entrepreneurs who enter EforAll’s accelerator program were previously unemployed.
– Entrepreneurship for All (EforAll) – EforAll accelerates economic and social impact through inclusive entrepreneurship in mid-sized cities. EforAll believes that the best way to revitalize mid- sized U.S. cities that have fallen into decline, and suffer related high rates of poverty and unemployment, is to fuel the dreams and ambitions of entrepreneurs who live in and near these cities. We believe that they understand their city and its problems better than anyone else and have ideas and solutions with the potential to make their city prosper once again while they create their own pathway out of poverty.