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