Microgrant for Technology and Equipment
The goal of the Microgrant for Technology and Equipment is to provide funding for historically underserved, minority-led nonprofits and small businesses to purchase hardware, software, and machinery assets to grow their business.
Scroll to the bottom of this page to access the application.
What can I apply for?
- Grants up to $20,000
- Note: Not all funding requests are fulfilled in the amount requested to maximize the number of businesses served
- Funds can be used to buy technology, equipment, and machinery
- Technology refers to hardware like computers, printers, routers, etc. and software like Microsoft Office, QuickBooks, Square, Shopify, and other computer programs.
- Equipment and machinery refers to fixed assets used in your business, such as furniture, tools, and machines. See a list of our 2022 grantees for examples.
Am I eligible?
To apply, your business or nonprofit must be:
- Owned or led by a person who is one or more of the following:
- Black
- Disabled
- Hispanic/Latino
- LGBTQ+
- Middle Eastern/North African*
- Military veteran
- Native or Indigenous*
- Refugee*
- * New for 2024
- In operation for at least 2 years.
- Earning less than $1M in annual revenue or budget.
- Based in and serving Miami-Dade County.
- Not a prior recipient of the OFB microgrant.
What do I need to apply?
- Complete an application to describe your organization and explain how this purchase would help your company.
- Strong applications include a specific vendor estimate with pricing.
- For nonprofits and small businesses, must share copy of latest financial statement or annual operating budget.
- For small businesses, required documentation also includes:
- Staffing roster.
- Cash flow projections.
- Business tax return.
What is the timeline?
- This is the last year of funding.
- Applications open on March 1, 2024.
- Applications due by the end of the day May 31, 2024.
- Decisions will be shared in July 2024.
What if I need help with my application?
- Reach out to one of the organizations we have partnered with.
- Watch recordings from our past webinars (below) to see what makes a strong application.
How will decisions be made?
- Approximately 40-70 businesses are selected each year.
- The chances of getting accepted are between 20-25%. That means, approximately 1 in 5 applications are selected.
- After the deadline, we review and score applications using the criteria below. Applications that score the highest are funded.
- Owner(s) represent multiple aspects of historical disadvantage
- Employee(s) reflect population of historical disadvantage
- Company provides good or service that benefits the community
- Company has strong financial capacity
- Company has strong operations and organizational capacity
- Company has specific, concrete plans to use funding to transform trajectory
- Company is an employer firm that offers quality jobs
- Company has clear and realistic plans to acquire and deploy asset
- Business is located in target OFB community (specific underserved neighborhoods)
English Resources
Recursos en Español
To learn more about the Microgrant for Technology and Equipment, access the slides and recordings from our recent webinars below.