NEW YORK. June 21, 2024 (Biz Republic/PRNewswire) — Ernst & Young LLP (EY US) is calling all trailblazing Black and Hispanic/Latino entrepreneurs to join the 2025 cohort of the EY Entrepreneurs Access Network (EAN). This accelerator program is now accepting applications until the August 30, 2024, deadline.
THE NEED
Black- and Hispanic/Latino-owned businesses are economic powerhouses, generating over $183 billion¹ and a staggering $800 billion,² respectively. Yet, they’re just scratching the surface of their potential. EAN helps bridge the disparity in access and resources, and supports these businesses in scaling.
THE BENEFIT
With personalized coaching, a tailored curriculum, a community of visionary entrepreneurs and access to the EY entrepreneurial ecosystem, including Entrepreneur Of The Year® program and EY Entrepreneurial Winning Women™ community members, participants benefit from surround-sound support as well as connections to investors and industry giants.
THE IMPACT
Since its inception, EAN has empowered nearly 300 CEOs and founders, aligning them with $51 million in capital and supporting over $600 million in new contracts and services. Last year alone, participants soaked up 2,298 mentor hours and engaged in 1,000 business-building encounters.
PROGRAM SNAPSHOT
● Duration: 12-month tailored program for the unstoppable executive
● Offerings: One-on-one coaching, custom learning, extensive networking and visibility to an array of audiences
● Criteria: Black or Hispanic/Latino business owners, founding CEOs or majority owners of US-based, privately held, for-profit companies over two years old and 51% owned by Black or Hispanic/Latino individuals.
HOW TO APPLY
Applicants can now apply at ey.com/ean. It’s a free program with no application fee. Applications are accepted through August 30, 2024, with rolling acceptances starting December 2024.
REAL SUPPORT AND SUCCESS
“Black and Hispanic/Latino entrepreneurs are among the unsung heroes of our economy. With EAN, we’re not just imagining a world where barriers don’t exist — we’re creating it. If you’re ready to scale and ignite your business’s impact, let’s make it happen together,” says Nit Reeder, EY EAN Program Director.
● Monica Hernandez of MAS Global Consulting: “EAN is a huge support for me. I met a network of likeminded entrepreneurs and experts that continue to be a support system.”
● Audley Wilson of RoboBurger: “We received essential guidance from EY’s top executives as we navigated capital funding.”
● Cicely Peace-Edouard of The Simple VUE: “The relationships we fostered through EAN were instrumental in helping us find access to funding and opportunities.”
ABOUT EY
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¹ Leppert, Rebecca, “A look at Black-owned businesses in the US,” Pew Research Center.
² Treasury Department Report Card: Latino Business Ownership Up, Pandemic Recovery Efforts Helped Grow Latino-owned Businesses | U.S. Department of the Treasury