Siete Foods awards $300,000 to Latino businesses in Austin
- Siete Foods awarded $300,000 to 15 Latino-owned food and beverage businesses through the Juntos Fund.
- The initiative aims to combat the systemic underfunding of Latino entrepreneurs, who often depend on personal savings for funding.
- This funding effort underscores the importance of community support for Latino business owners and their contributions to the economy.
On September 27, 2024, Siete Foods announced the recipients of the 2024 Juntos Fund, which awarded a total of $300,000 to 15 Latino-owned food and beverage businesses across the United States. This initiative aims to address the systemic underfunding of Latino entrepreneurs, who often rely on personal savings for startup capital. The Juntos Fund, part of a larger $2 million commitment over five years, seeks to empower Latino communities by supporting their entrepreneurial efforts. Notable recipients include Livi's Mexicue, a Texas BBQ and Mexican food fusion restaurant, and Bites & Bowls, a family-run eatery in Arkansas. The initiative highlights the challenges faced by Latino business owners and the importance of community support in fostering their success.