Nonprofit of the Year: Ventures

| Feb 17, 2016

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Ventures
empowers aspiring entrepreneurs with limited resources and unlimited potential to improve their lives through small business ownership. Their focus is empowering "unbankable" individuals, often experiencing generational poverty, to start their own businesses. They partner with organizations such as Entre Hermanos to provide culturally appropriate training to immigrant communities. Their particular focus on low-income individuals means that their success rate has that much more power - lifting up entire communities with the success of each small business. An astounding 80% of Ventures clients are still in business and making a profit after 2 years. Through their retail incubator in Pike Place market and their rentable food truck, Ventures has a visible presence in our city and a way for the general public to discover the great new businesses fostered though their programs. GSBA members who have gotten their feet on the ground thanks to Ventures include Repair Revolution, our 2013 New Business of the Year, and Sal Floral Design, now one of the top florists in Seattle.

When Executive Director Beto Yarce started his own small business in Seattle he didn’t have all the support he needed to navigate the system. Experiencing these challenges firsthand gave him the unique perspective to understand the hurdles faced by Ventures’ clients. He has overseen the tremendous growth of the organization, including receiving a major grant from the Small Business Administration to expand its services. Beto is passionate and inspired by Ventures’ mission and the opportunity to support other entrepreneurs by helping them realize their business visions.


 

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