Resources for Black-Owned Businesses in Miami-Dade County

In case you haven’t yet heard, Miami-Dade County recently declared the month of August as Black Business Month! Each year moving forward, this month will be dedicated to promoting and propelling the County’s multi-billion dollar Black-owned business community.

Join Miami-Dade Economic Advocacy Trust (MDEAT) at their events throughout the month of August to celebrate this declaration with the County. 

• August 4th at 6 pm: Black-Owned Business Month Launch event at The Urban
• August 10th at 9 am: MDEAT Power Summit
• August 17th at 10 am: Community Workshop 

See all other events happening in August here. 

In addition to the exciting offerings in August, below is a list of on-going grants, loans and training opportunities specifically for Black-Owned Businesses in Miami-Dade County:

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Training and Advice

• Free business advice and training with the Miami-Dade Chamber of Commerce
• Support and guidance for Black-owned businesses that sell on Amazon
• Business coaching and training program for black business owners
• Looking to grow your business with government contracts? Reach out to the local MBDA (Minority Business Development Agency) or the FSMSDC (Florida State Minority Supplier Development Council)

Grants 

• $10,000 start-up grants for Black female founders and entrepreneurs
• $2,000 grants for Black-owned, brick and mortar stores  
• $2,500 grants for women of color-owned small businesses
• $500 micro-grants to grow or start a minority, women-owned small businesses
• $500 grants and mentorship for a new idea or to grow a business 

Loans

If you’re considering a loan to maintain operations, grow your business or pay off credit card debt, Axis Helps has created an easy-to-use guide that can help you decide whether to pursue a loan from a credit union, a Community Development Financial Institution (CDFI), a traditional bank or another type of lender. Check out our Guide to Miami Business Funding online. 

Here are two options that lend locally and offer loan programs specifically for Black-owned businesses:

• BBIF and Miami Bayside Foundation
  

And these Community Development Financial Institutions, or CDFIs, lend to minority-owned businesses: 

• Ascendus
• Community Fund of North Miami-Dade 
• Urban League of Broward County

Make sure to check back often as we continue to update this link with the resources that are available to support local entrepreneurs in sustaining or growing their businesses!