Impacto Hispanic Business Accelerator
The PepsiCo Foundation created Impacto to provide Hispanic food entrepreneurs with meaningful learning and networking opportunities, along with grant capital to fuel their business growth.
The PepsiCo Foundation created The Impacto Hispanic Business Accelerator to provide Hispanic food entrepreneurs with meaningful learning and networking opportunities, along with grant capital to fuel their business growth. Accion Opportunity Fund is proud to serve as one of the nonprofit partners hosting the Impacto program.
How it works
Impacto was designed to empower Hispanic food entrepreneurs to overcome systemic disparities and grow their enterprises. In 2023, Impacto will provide 100 Hispanic entrepreneurs with a full suite of free program offerings, including:
- one-on-one and group coaching
- virtual and in-person events
- trusted digital business resources
- a $10,000 small business grant
Eligibility criteria
Any business owner who meets the following criteria is eligible to apply for Impacto:
- Must self-identify as Hispanic
- Must own at least 50% of a local business whose primary purpose is to serve food: restaurants, caterers, cafés, food trucks, bodegas, and carnicerias
- Must currently operate a business location in one of the Impacto markets: Albuquerque, Chicago, Dallas, El Paso, Houston, Las Vegas, Los Angeles, Miami, New York City, or San Antonio
- Must have a business bank account
- Business must have been operational for at least two years (since June 1, 2021)
- Business must have 2022 annual revenue less than $1,000,000