Press release
PepsiCo Foundation Announces 100 New Impacto Hispanic Business Accelerator Grantees
Business Owners across the U.S. receive grants, coaching, and personalized training PURCHASE, N.Y., Sept. 22, 2023 /PRNewswire/ -- The PepsiCo Foundation is
About this update from Pepsico, Inc.
[{"type":"text","content":"Business Owners across the U.S. receive grants, coaching, and personalized training \nPURCHASE, N.Y., Sept. 22, 2023 /PRNewswire/ -- The PepsiCo Foundation is thrilled to welcome 100 new grantees to the Impacto Hispanic Business Accelerator Program. Established in 2020 with 150 grantees to-date, the program seeks to empower and equip Hispanic food and beverage entrepreneurs with the skills and resources to take their businesses to new heights. After six weeks of intensive training and coaching, in partnership with Accion Opportunity Fund, Allies for Community Business, LiftFund and Prospera, these outstanding individuals will receive $10,000 dollar grants in addition to joining the PepsiCo Foundation Impacto Network. \n\n \n \n \n \n \n \n\n \nThe PepsiCo Foundation's Impacto Hispanic Business Accelerator Program aims to address the unique challenges faced by Hispanic entrepreneurs and provide them with a platform to thrive and create lasting change in their communities. This transformative initiative, in partnership with local nonprofits, is intended to offer grantees invaluable support and knowledge to elevate their businesses and achieve sustainable growth. \nThis year's cohort represents a diverse group of passionate and innovative individuals, all driven by the shared goal of making a difference in the Hispanic business community. They were selected based on their exceptional dedication and hard work throughout the training and coaching process, and they join the 150 members of the Impacto Network across the country. \n\"Unfortunately, the Hispanic community has long faced systemic barriers to success which are only amplified by current economic woes like inflation and worker shortages. That's why we are so delighted to congratulate the 100 talented entrepreneurs who have completed the 2023 Impacto Hispanic Business Accelerator Program. Our goal is to help these restaurants and food service businesses navigate the ever-changing economy, beat the odds that small businesses face, and keep their doors open and their businesses thriving,\" President of the PepsiCo Foundation C.D. Glin said. \"We at the PepsiCo Foundation are inspired by the passion, resilience, and dedication of these Hispanic business owners, and we are excited to see how their businesses continue to flourish and how their collective efforts create lasting ben...