NEW BEDFORD – EforAll South Coast’s next business accelerator will expand access to entrepreneurship, recognizing its importance to economic growth and job creation, the nonprofit organization announced.
Applications for its free, 12-month Business Accelerator Program in the South Coast region, will be accepted until April 23, with classes starting June 2.
“We are facing an extremely challenging and unprecedented time, both in the local New Bedford and Fall River area and around the country,” said David Parker, EforAll CEO. “Yet we’re seeing strong demand for our summer Accelerator among aspiring entrepreneurs who are motivated and determined to either start a business or nonprofit in their community, or pivot based on the new business climate.”
EforAll’s proven approach helps under-resourced individuals successfully start and grow their businesses or nonprofits, across a wide range of industries including personal and professional services, food, manufacturing and online/traditional retail. The program offers a unique combination of immersive business training, dedicated mentorship and access to a professional network. The organization typically offers its programs in-person but it is prepared to deliver classroom training and mentor sessions online if necessary.
Among the businesses started by EforAll participants, 75 percent are owned by women, 56 percent are owned by people of color, 54 percent are owned by immigrants and 56 percent are owned by people who were previously unemployed.
“EforAll has been proudly offering its free Accelerator program in the South Coast since 2015,” said Donna Criscuolo, executive director of EforAll South Coast. “We are committed to helping residents and the community pull through the ongoing economic crisis by supporting local entrepreneurship.”
Entrepreneurship for All (EforAll) is a nonprofit organization that partners with communities nationwide to help under-resourced individuals successfully start and grow a business through intensive business training, mentorship and an extended professional support network. To date, EforAll alumni have launched more than 350 businesses and created more than 680 local jobs.