2024 at The Miami Foundation: A Year in Review

Collage of photos of people | The Miami Foundation
The Miami Foundation made big, bold promises to the community in 2024. As we look back at all that was accomplished this year, what stands out most to us are those who stood beside us in this work: the coalitions cultivated not only in our organization’s spirit of togetherness, but in the recognition that we accomplish so much more when ... Read More

Covid-era program busts myth that funding lower-income businesses is risky

Purple Orchid Smoothie Bar

Four years ago this month, Wells Fargo created the Open for Business Fund by voluntarily donating all processing fees earned from Paycheck Protection Program (PPP) loans made in 2020 to provide grants to Community Development Financial Institutions and other nonprofits positioned to help small businesses manage the economic effects of Covid-19. The OFB grants provided much-needed capital, technical assistance, and … Read More

Black-owned businesses collaborate to get loans and financial support

Black-owned businesses collaborate to get loans and financial support

A new program offers grants and other sources of support to help businesses willing to work together to get the financing needed to build, grow and expand. The program is changing communities and helping families to build generational wealth with entrepreneurship… read more on NBC 6 South Florida.

Inspired by brother’s memory, South Florida man finds solutions to support local businesses

CBS 4 Phillip Agnew

A grieving Liberty City business owner carries on his younger brother’s legacy. “Danny had a vision,” said Phillip Agnew. “He never stopped up until that last moment.” A violent car crash on I-95 in Miami last summer claimed the life of a South Florida activist, Daniel Agnew. Now, Phillip helps take the lead in finding solutions to support local businesses … Read More

BLACK HISTORY MONTH: MAGNOLIA BIRTHING HOUSE

Miami Open for Business with Tamara Taitt

We are thrilled to introduce you to Tamara Taitt, who leads Magnolia Birth House, a nonprofit located in North Miami. Magnolia Birth House is the first and only community-founded natural birthing center women’s health organization in South Florida.

BLACK HISTORY MONTH: EXPERIENCE AVIATION, FLYING CLASSROOM AND DESIGNS BY SOMMER

Miami Open for Business with Experience Aviation and The Flying Classroom

the inspiring connection of two entrepreneurs funded through Open for Business: Captain Barrington Irving of Experience Aviation and The Flying Classroom, located in Opa Locka, and Sommer Curry of Designs By Sommer, located in South Dade whose son, Vontre Curry, is an aspiring pilot.

BLACK HISTORY MONTH: ULTRINA HARRIS

Miami Open For Business with Ultrina Harris

We would like to introduce you to Ultrina Harris, owner of Suite 110 Urbanwear, an apparel and footwear store located in Historic Overtown.

BLACK HISTORY MONTH: STEPHEN GILMORE

Miami Open for Business with Stephen Gilmore

We would like to introduce you to Stephen Gilmore, who leads Transitions Inc, a nonprofit located in the heart of Overtown that seeks to lift individuals out of the cycle of crime and poverty.

IMPORTANT CHANGES TO CREO PROGRAM THIS FINAL YEAR

Miami Open for Business CREO

Our most innovative product, Collective Real Estate Ownership (CREO), offers a great opportunity. It provides up to $500,000 in a forgivable loan towards the down payment to purchase commercial real estate in a shared ownership model.