Photo Source: Allapattah CDC
Welcome, prospective applicants, to the Miami Open for Business application portal operated by Partners for Self Employment! On this portal you can apply for loans through the ABLE fund as well as microgrants for technology and equipment (to for-profit small businesses). Read below for more information on these offerings.
The Miami Foundation’s core mission is to build a stronger, more equitable and resilient Miami. Through Miami Open for Business, we aim to support historically underserved small and nonprofits in Miami-Dade County to build generational wealth and resilience.
Funded with a $20 million grant from Wells Fargo announced earlier this year, the program aims to empower nonprofits and small businesses through the purchase and ownership of critical business assets, such as technology, equipment, machinery, inventory, and property. 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 distribute a variety of grants and loans. Review eligibility and application information by clicking here.
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Small Business Priority Locations
Building off Miami-Dade County’s list of Targeted Urban Areas, we are prioritizing the following communities for funding in order to address longstanding inequities. Small businesses and nonprofits based in these neighborhoods are especially encouraged to apply. Access a map of these communities here.
North Miami Beach
Open to all Miami-Dade County Small Businesses.