PURCHASE, NY. — One hundred grantees have been added to The PepsiCo Foundation’s Impacto Hispanic Business Accelerator Program. The program was established in 2020 and provides Hispanic food and beverage entrepreneurs with skills and tools they need to succeed in their businesses.
The recipients were selected based on their dedication throughout the training and coaching process, the company said. After six weeks of training and coaching in partnership with Accion Opportunity Fund, Allies for Community Business, LiftFund and Prospera, the recipients also will receive $10,000 grants.
The program is part of PepsiCo’s Racial Equality Journey, which began in 2020. In addition to the Impacto program, the company launched Juntos Crecemos platform in August 2021, which helps Hispanic-owned restaurants, bodegas and carnicerias to address business challenges and support growth, the company said.
“Unfortunately, the Hispanic community has long faced systemic barriers to success that are only amplified by current economic woes like inflation and worker shortages,” said C.D. Glin, president of the PepsiCo Foundation. “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 foodservice businesses navigate the ever-changing economy, beat the odds that small businesses face, and keep their doors open and their businesses thriving. 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 benefits for their families and communities across the country.”Enjoying this content? Learn about more disruptive startups on the Food Entrepreneur page.
