2024 in Review: Miami Open for Business
Reflections from project lead Brittany Morgan, Senior Director of Economic Resilience
Covid-era program busts myth that funding lower-income businesses is risky
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
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
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
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
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
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
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
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.
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