Massachusetts-based nonprofit Entrepreneurship for All (EforAll) has received additional funding from the Walton Family Foundation (WFF) in Bentonville for its Northwest Arkansas chapter.
A two-year, $700,000 grant will be used to support the organization’s English and Spanish language entrepreneurship program operations in 2023 and 2024.
Since launching in March 2021, EforAll and its Spanish language offering, EparaTodos, have helped launch 28 businesses in Northwest Arkansas, of which 88% are women-owned, and 74% are BIPOC-owned.
Since launching, the total amount from the WFF to EforAll’s Northwest Arkansas chapter is $1.05 million.
“As EforAll works to lower barriers to drive inclusive entrepreneurship throughout Northwest Arkansas, we want to thank business and community leaders who have supported the program’s growth in our first year,” Rodrigo Salas, executive director at EforAll Northwest Arkansas, said in a news release.
EforAll supports aspiring entrepreneurs through its year-long business accelerator programs and pitch contests, which are offered in both English and Spanish. The programs offer business training, mentorship from local business and community leaders, access to a large professional network and the opportunity to win seed money.
EforAll’s Northwest Arkansas Winter 2023 business accelerator program starts in January 2023, with applications due Oct. 27.
More information about the Northwest Arkansas programs is available at this link.