SWANSEA – BayCoast Bank has awarded a $60,000 “challenge grant” to the South Coast Office of Entrepreneurship for All.
The money will be paid in $20,000 increments over three years, the Swansea-based bank announced.
The grant is intended to kick off Entrepreneurship for All’s development efforts to support expanding programming in Fall River and New Bedford.
Entrepreneurship for All’s mission is to accelerate “economic and social impact” through entrepreneurship in mid-sized cities. The group’s South Coast office covers Fall River and New Bedford.
Entrepreneurship for All “works with the community to ensure that traditionally underrepresented individuals have the same opportunities and support to launch and grow their businesses,” said Donna Criscuolo, executive director of the group’s South Coast office.
“In the three and a half years we’ve been on the south coast, 75 businesses have launched through EforAll and those businesses have created over 285 jobs,” she said.
“We feel privileged to support an organization that has such a positive impact on so many budding entrepreneurs who might otherwise not have the chance to see their business dreams come true,” said BayCoast CEO and President Nicholas Christ.
Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.
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