One of the most exciting aspects of the Open for Business program is that we can use the capital for asset acquisition – that is, funds can be used to purchase items like technology, inventory, vehicles, and real estate.
MIAMI OPEN FOR BUSINESS ABLE LOAN, WHY SHOULD I APPLY?
With the Miami Open for Business Asset Building Loan for Entrepreneurs (ABLE) funding opportunity, small businesses and non–profits gain access to much-needed funding to finance the purchase of a commercial vehicle, bulk inventory (to resell), renovations to your business, refinance predatory debt used to buy assets, and more.
Why this historic Dominican neighborhood in Miami may disappear
Miami’s Little Santo Domingo district only runs eight blocks — but its cultural and historical footprint is anything but small. The area was brought to life by Dominicans and other immigrants who took a chance on a downtrodden commercial corridor. Today, walk along the vibrant stretch of NW 17th Avenue in Allapattah and you’ll spot murals with Latin American flags, … Read More
SMALL BUSINESS HIGHLIGHT: THE OPA LOCKA FLEA MARKET
In honor of Small Business Month, we want to highlight one of the most unique and vibrant small businesses in Miami: The Opa Locka Flea Market.
‘Leveling the playing field’: Miami Foundation supports minority business owners
As Miami residents continue to deal with a housing affordability crisis, many of the city’s smaller commercial enterprises are also challenged. Nonprofit Miami Foundation wants to give those businesses led by women and people of color a better chance of survival with its Open For Business program. In its second year, most of the program grants are funded through a … Read More
Miami Foundation’s Open for Business Announces $3.8M Invested in 170 Historically Underserved Small Businesses, Second Funding Round Now Available
Three funding opportunities open through support from Wells Fargo Photo courtesy of the Greater Miami Convention & Visitors Bureau. MIAMI, March 28, 2023 – The Miami Foundation, one of the largest philanthropic institutions in South Florida, announced today new funding opportunities available through the Miami Open for Business program, which supports historically underserved small business owners in Miami-Dade County with … Read More
You Spoke, We Listened! New Miami Open for Business Program Updates
Happy 2023, to all the entrepreneurs and nonprofit leaders who have been following the Miami Open for Business program. We are thrilled to manage this $20 million program, fueled by a Wells Fargo donation, to provide grants and loans to historically underserved small businesses for asset building. After our first round of funding in late 2022, we took a long … Read More
Promoting Ownership
Small businesses are the “heartbeat” of South Florida’s economy, and their soul is cultural diversity, says Brittany Morgan, economic resilience director at the Miami Foundation, which has chosen to promote asset ownership with a $20-million gift from Wells Fargo’s Open For Business program. The first four financial awards were in a category called Collective Real Estate Ownership, which allows partnerships … Read More
The Miami Foundation Open for Business Program Now Available to Help Strengthen Historically Underserved Small Businesses in Miami-Dade County
Foundation distributing grants and loans for small business assets and real estate, with support from $20M Wells Fargo donation First round of applications now open MIAMI, October 6, 2022 – The Miami Foundation, one of the largest philanthropic institutions in South Florida, announced today the official opening of the Miami Open for Business program to support historically underserved small business … Read More
Wells Fargo Donates $20 Million to Strengthen Small Businesses in Miami-Dade County
The Miami Foundation receives its largest-ever grant; will enable diverse entrepreneurs to own more of their businesses MIAMI– February 25, 2022 – Wells Fargo announced today a $20 million grant to The Miami Foundation, the nonprofit’s largest grant received to date, to help historically disadvantaged small business owners own more of their businesses’ assets and improve technology to better serve … Read More
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