Lenders and Leaders Panel at Venture Cafe

SFCDC Celebrates National Small Business Week

April 30, 2017 – May 5, 2017 was National Small Business Week, designated by the Small Business Administration. SFCDC’s economic development committee and community partners celebrated the week and organizations that grow small businesses. On May 4, SFCDC’s economic development committee hosted a “Leaders and Lenders” panel discussion which was followed by “Conversations with TD Bank” at Venture Café Miami. The evening highlighted the important role micro and small businesses have on our local Miami-Dade economy.

 A few Tips

Technical Assistance: Support to micro and small businesses should incorporate technical assistance. Technical assistance providers can prepare businesses for conventional financing, by assessing the business and helping the owner understand areas of operations and management that need to be strengthened. The nonprofit technical assistant providers such as Partners for Self -Employment, Prospera and Tools for Change regularly schedule technical assistance training, with accessible evening hours. They also provide one-on-one assistance.

Alternative Financing: Access to capital is critical. Small and micro-enterprises need to know there are different types of capital a business can access.  For example, community development financial institutions provide alternative types of financing. Partners for Self-Employment is a Community Development Financial Institution (CDFI). There are also statewide organizations such as Neighborhood Lending Partners  that provide small business loans.

Local Initiatives: Entities such as the Miami-Dade Beacon Council are working with industry partners to create a climate in which small businesses can compete and participate in the local market more successfully. An area of focus for the Beacon Council has been trade and logistics, which is one of the County’s targeted industries. Urban Philanthropies is another local non-profit entity working to address unmet needs, including loans to small businesses and non-profits that have pending receivables from government contracts.

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Did You Know?

Miami-Dade is a community of small businesses. These  businesses provide professional services. Some are family-owned, while others are part of Miami’s start-up community.

Among Miami-Dade businesses, 80% are businesses with 4 or fewer employees.

In 2016, the Miami Metro area ranked #2 in start-up activity according to the 2016 Kauffman Index report.

In 2012, Miami-Dade was home to the second largest number of black-owned businesses in Florida and ranked  seventh among all counties in the United States. Among these businesses, 96% had no employees and the other 4% employed an average of 5.8 persons per firm.

SFCDC supports investing in micro-enterprises and small businesses by providing technical assistance and resources that assist low and moderate-income business owners. When these businesses grow, incomes grow, jobs are created, and neighborhoods thrive. Nonprofit small business developers play a vital role in making this happen. Here are a few.

79th Street Neighborhood Initiative

ACCION

ASSETS Small Business Solutions

Carrie P. Meek Entrepreneurial Education Center at Miami-Dade College

Dynamic Community Development Corporation

EcoTech Visions

FIU Small Business Development Center

Greater Miami Business Opportunity Fund/VEDC

Prospera (formerly HBIF) 

Miami Bayside Foundation,

Miami-Dade Chamber of Commerce

Partners for Self Employment

South Florida Puerto Rican Chamber of Commerce

SCORE

Our Micro Lending

City of Miami Public Service/Economic Development/ESG Meeting

The City of Miami’s Department of Community & Economic Development invites all interested public service agencies, AIDS service providers, non-profit agencies and/or for-profit entities, to attend the Pre-Proposal Workshops to be held this February for assistance with the Request for Proposal (RFP) process for those applicants seeking HOME Investment Partnerships Program (HOME), Community Development Block Grants (CDBG), Emergency Solutions Grant (ESG), and/or Housing Opportunities for Persons with AIDS (HOPWA) funds for Fiscal Year 2017-2018 (43rd Year).

Workshops will be held to address a total of three (3) different RFPs, all being issued on January 20, 2017.
Public Service/Economic Development/ESG and the Housing Opportunities for Persons with AIDS (HOPWA) Program RFPs will only be fillable via the web-based ZoomGrants™ application management system with a deadline of February 20, 2017, no later than 3 p.m. We will not accept paper applications for these two RFPs.

Only paper (hard copy) applications will be accepted for the HOME program RFP. The deadline for this application is March 1, 2017, no later than 3 p.m., at Miami City Hall, City Clerk’s Office.

Public Service/Economic Development/ESG:
Wednesday, February 15, 2017, 10 am – 12 noon
Jose Marti Park, Multipurpose Room
362 SW 4 St.
Miami, FL 33130

All workshop sites are accessible to the handicapped. Requests for special accommodations may be directed to the Department of Community and Economic Development at
(305) 416-2080 no less than three (3) business days prior to the workshop date.
You can find more information on FY 2017-2018 Requests for Proposals on our website at: www.miamigov.com/communitydevelopment/pages/rfq

ULI: Lobbies will be Basements Sea- Level Rise Lessons from Seattle

Miami-Dade County’s current minimum ground floor elevation for new construction is FEMA flood elevation +1. In the face of sea-level rise, after all the analysis and opinions have been offered — by scientists about how high, by engineers about how complex, by estimators about how costly, and by insurers about how necessary — we will have to pick a new number.  It will be higher than 10 feet, but we don’t know what it will be.

Seattle faced a similar macro challenge to its existence a century ago, raising their city to stop it from sinking into the water. How did they do it?  How was it engineered? How were buildings designed and built in response?  How was it paid for? How did the public and private sectors coordinate?

Was it successful?  Learn from the expert on Seattle’s civil engineering history, David Williams, author of “Too High & Too Steep: Reshaping Seattle’s Topography”.  Mr. William’s presentation will be followed by response panel of local experts, and Q&A to help us translate how the Seattle experience could inform our efforts here.

MiamiAreaFUnding

Report: Foundation Support to CED Activity

Local community and economic development (CED) depends on a combination of public and private funding. In recent years, foundation grants have become an important source of funding for initiatives to develop the local economy through the pursuit of better-paying jobs, infrastructure to support revitalization, affordable housing, or improved systems for education or health care. .

The Federal Reserve Banks of Philadelphia and Atlanta recently investigated the way in which foundation grants to support CED activities were distributed across 366 metropolitan areas in the United States. The research relied on data provided by the Foundation Center that captured grants of at least $10,000 made by the 1,000 largest foundations between 2008 and 2013.

There are an estimated 1,714 total nonprofits focused on community and economic development in the Miami-Fort Lauderdale-Pompano Beach area.To view the interactive report and see how the Miami metro compares to other metros, visit: Here