SurveyMonkey Partners with the Eva Longoria Foundation to Empower Latina Entrepreneurs during the COVID-19 crisis and beyond
March 22 2021 - 12:10PM
SurveyMonkey (Nasdaq: SVMK), a leader in agile software solutions
for customer experience, market research, and survey feedback,
today announced a partnership with the Eva Longoria Foundation
(ELF) to provide Latina entrepreneurs free resources to help their
businesses succeed. Part of the SurveyMonkey for Good program, the
partnership with ELF will provide Latina entrepreneurs access to
SurveyMonkey products, and training modules focused on three key
topics: survey basics and best practices, market research, and
customer loyalty.
“Our goal is to provide access to technology and resources to a
community of entrepreneurs that are severely underserved and
under-resourced at a time when they need it most,” said Antoine
Andrews, Chief Diversity and Social Impact Officer at SurveyMonkey.
“We’re excited to get this off the ground. This announcement is
just the first step of a broader program focused on providing
training, mentorship, resources, and access to investment for
underserved entrepreneurs.”
During this initial pilot program, a group of 60 Latina
entrepreneurs will have access to SurveyMonkey licenses, with live
virtual training offered in both English and Spanish. The
entrepreneurs identified these resources as most helpful to their
businesses in a survey conducted with the group. The engagement
will last one year, ensuring ongoing support as the entrepreneurs
continue to adjust to pandemic-induced challenges. The Eva Longoria
Foundation and SurveyMonkey will evaluate feedback from
participants and improve upon the partnership and future related
offerings from SurveyMonkey for Good.
In 2012, the Eva Longoria Foundation was created to help Latina
women and girls build better lives for themselves through education
and entrepreneurship. ELF focuses on these areas because both have
the power to transform lives, and Latinas have distinctly unique
challenges accessing both. ELF believes that by providing Latinas
with the resources to succeed in school and business, we can help
empower the broader Latinx community.
“Latina entrepreneurs—who start businesses at six times the
national rate—need access: access to capital and inclusive
financial services, access to expanded networks, and access to
flexible training and capacity-building services,” said Eva
Longoria. “Before the pandemic, 89% of new women-owned businesses
were started by women of color—there’s a huge opportunity to help
these entrepreneurs collect the data and access the resources they
need to build and grow their businesses, and we’re proud to help
make that possible.”
Recent data from the Q1 2021 CNBC|SurveyMonkey Small Business
Survey shows that fewer than four in 10 Hispanic small business
owners (37%) say their business will survive less than a year under
the current business conditions. In addition, a total of 69% of
Hispanic small business owners describe current conditions for
their business as either bad or middling. 74% of Hispanic small
business owners referenced that they did not receive a loan as part
of the federal Paycheck Protection Program (PPP), compared to 64%
of whites.
To learn more about how you can support entrepreneurs contact
SurveyMonkey for Good at forgood@surveymonkey.com.
About SurveyMonkeySurveyMonkey is a leader in
agile software solutions for customer experience, market research,
and survey feedback. The company’s platform empowers more than 20
million active users to analyze and act on feedback from employees,
customers, website and app users, and market research respondents.
SurveyMonkey’s products, enterprise solutions, and integrations
enable more than 345,000 organizations to deliver better customer
experiences, increase employee retention, and unlock growth and
innovation. Ultimately, SurveyMonkey's vision is to raise the bar
for human experiences by amplifying individual voices.
About The Eva Longoria FoundationIn 2012,
actress and activist Eva Longoria Bastón started the Eva Longoria
Foundation to help Latinas build better futures for themselves and
their families through education and entrepreneurship. To date, the
Eva Longoria Foundation has impacted more than 30,000 Latinas in
the United States and Mexico through programs in STEM education,
college scholarships, mentorship, parent engagement, microloans and
business training. Visit our website or follow us
on Facebook and Instagram.
Media Contact:pr@surveymonkey.com
SVMK (NASDAQ:SVMK)
Historical Stock Chart
From Aug 2024 to Sep 2024
SVMK (NASDAQ:SVMK)
Historical Stock Chart
From Sep 2023 to Sep 2024