The Miami Foundation's core mission is to build a stronger, more equitable, and resilient Miami. They aim to support historically underserved small and nonprofits in Miami-Dade County build resilience and generational wealth, focusing on empowering these entities through the ownership of critical business assets to ensure fair opportunities for prosperity.
The Miami Open for Business program, supported by a $20 million grant from Wells Fargo, is designed to assist historically underserved, minority-led nonprofits and small businesses. The program's primary aim is to enhance these organizations' capabilities and growth prospects through the Microgrant for Technology or Equipment. This grant provides financial assistance for the purchase of vital assets such as technology (including hardware and software) and equipment/machinery necessary for business operations. By doing so, it supports these entities in expanding their operations, increasing efficiency, and ultimately contributing to their long-term success and resilience.