Fueled by a $20 million grant from Wells Fargo, the Miami Open for Business program aims to empower historically underserved nonprofits and small businesses to build generational wealth and resilience through the purchase and ownership of critical business assets, such as property, equipment, and technology. Ultimately, the program aims to ensure that historically disadvantaged and underinvested entrepreneurs have a fair chance to build prosperity in the Miami they helped create.
Over the next two years, The Miami Foundation and community-based lending partner, Partners for Self-Employment, will administer three financial products: Technology and Equipment Microgrants, Asset Building Loans for Entrepreneurs (ABLE), and Collective Real Estate Ownership (CREO) assistance. Meet the OFB team at Tech Tuesdays from 12-1pm to learn more about our funding opportunities.