Coastal Community Foundation has awarded a catalyst grant to Entrepreneurship for All (EforAll), expanding the nonprofit’s reach into South Carolina for the first time.
EforAll partners with communities nationwide to help underrepresented individuals successfully start and grow businesses through intensive business training, mentorship and an extended professional support network. To date, EforAll alumni have launched more than 1,100 business. In 2021 alone, alumni businesses provided 1,734 local jobs and generated $54 million in revenue.
The $425,000 grant match from Coastal Community Foundation will be provided over five years and give EforAll the opportunity to launch its first program in South Carolina, specifically in South Carolina’s South Coast region of Beaufort, Colleton, Hampton and Jasper counties.
“Nonprofits don’t always have the staff, money, or resources they need to launch big, innovative ideas,” said CCF Southern Lowcountry Director Veronica Hemmingway. “Catalyst grants provide organizations the funding to launch transformative programs for the community.”
“EforAll is thrilled to work with Coastal Community Foundation to bring our proven program to South Carolina’s South Coast area. We know our Business Accelerator program has the ability to change the lives of aspiring entrepreneurs and the communities where they live. Thanks to this grant, we are one step closer to launching here,” said Meralis T. Hood, CEO of EforAll.
EforAll is currently working to raise the funding match. The goal is to launch in South Carolina in 2023. To learn more about EforAll and the South Coast program, visit eforall.org.