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Walton Family Foundation to back nonprofit accelerator program

by John Magsam | March 25, 2021 at 12:49 p.m.

Entrepreneurship for All, a nonprofit organization, is beginning a free, yearlong business accelerator program in Northwest Arkansas, backed by the Walton Family Foundation.

Entrepreneurship for All’s business accelerator programs and its community pitch contest will begin in the summer and will be offered in both English and Spanish.

“EforAll’s bilingual business accelerator programs will offer Latinx entrepreneurs in the region the confidence, support and networks they need to start their businesses,” Jeannette Balleza Collins, entrepreneurial development director, Northwest Arkansas Council, said in a statement.

The nonprofit’s accelerator program offers business training, mentoring and contact with an extended professional network, according to its website.

In 2019, businesses started through Entrepreneurship for All brought in more than $25 million in revenue and created 720 jobs. It has helped to start more than 500 businesses, with 74% owned by women; 46% owned by immigrants and 39% owned by members of minority groups, according to the organization.

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