Showing 3 ideas for tag "small business growth"

Civic Engagement

South Florida Technology Learning Centers

The South Florida Digital Alliance (SFDA) has launched a comprehensive “digital empowerment” initiative called the South Florida Technology Learning Center project (TLC). The goal of TLC is to better prepare our community to participate and compete in the new digital society and digital economy by helping our residents become more adept at using new technologies. The TLC program provides access to technology, training,... more »
Who are you?

The SFDA is a 501(c)(3) whose mission is to expand digital literacy and provide connectivity to all citizens regardless of income level, throughout S Florida. We believe digital literacy is the single most critical educational tool for the future..

How does this project impact the issue you selected?

In our global society the development of technology skills has become a necessity for individuals seeking to excel in education, communications and economic activities. People who lack computer skills and have limited educational opportunities will only have marginal employment prospects. This fundamental economic problem has challenged SFDA to use technology to disrupt the dynamics of poverty and enhance the quality of life for residents of our region.

What data points from The Our Miami Report does your project address?

Civil Engagement - Volunteerism - our program seeks to obtain volunteers to paint the picture of the importance of technology is increasing educational, social and economic opportunities for our residents. Additionally, our project provides a platform that enables other non-profit organizations to effectively and efficiently deliver their message to residents.
Economy - our project looks to increase technology skillsets of residents and thereby their employment prospects.

Please give examples of your project's success.

Currently we have 11 Technology Learning Centers in Miami-Dade County Parks providing 108 computers and internet access for use by the general public. Platform has been used by community programs such as enrollment in the Affordable Care Act in 2014/2015. The platform will also host educational opportunities for youth and adults on various technology related topics. The TLCs will be utilized to host multiple "Hour of Code" events in December 2014 that will teach youth computer coding basics.

Organization Name (or individuals name) South Florida Digital Alliance

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135 votes
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Economy

Kiva Zip Miami

Kiva Zip is a crowd-lending platform that enables financially excluded small entrepreneurs to access loan capital. These entrepreneurs are able to crowd-fund a loan of 5 to 10K with 0% interest on our platform. Through our platform more than 35,000 lenders from around the world have lent to entrepreneurs in the United States. In addition to the financial capital, our borrowers also connect with thousands of lenders who... more »
Who are you?

Kiva is an online lending platform that has provided over 600 million dollars in loans to small and micro entrepreneurs globally through crowd-funding. Kiva is the winner of the Economist "No Boundaries" Innovation award.

How does this project impact the issue you selected?

In the US, capital access is one of the principal obstacles to small business growth. Yet, daily banks reject an average of 8,000 small business loan applications. This project brings financial capital to small entrepreneurs who can't typically secure a loan. Kiva does not use traditional methods of credit evaluation to assess credit worthiness. Rather our borrowers use their social capital to qualify for our program. This allows us to reach the most financially excluded populations.

What data points from The Our Miami Report does your project address?

First, one of the goals identified in the report relates to job opportunities. Based on our survey, we have found that 50% of Zip borrowers were able to use the funding to employ an additional employee. Second,
the report indicates an above average # of startups in Miami. Typically startups struggle to secure the business loans necessary to scale or succeed. For this very reason our loans are available to startups in order to provide the financial access they would not otherwise secure.

Please give examples of your project's success.

Kiva Zip was a pilot project started in 2011 focused on addressing the needs of small US entrepreneurs who were struggling to secure loans. Since it's inception, the program scaled dramatically providing nearly 4.9 million in capital to over 5,000 borrowers. These loans have been crowd-funded by 35,000 lenders from 180 countries. Furthermore, we impacted the most financially excluded populations with the majority of funding supporting women and minorities from low-medium income backgrounds.

Organization Name (or individuals name) Kiva Microfunds

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60 votes
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Economy

In The Loop 305

IN THE LOOP 305 asks what it takes to actualize a creative economy in Miami?

IN THE LOOP 305 asks how can we promote more age, ethnic, and geographic diversity in the culture spaces of Miami?

IN THE LOOP 305 asks how we change our city by having the ability to influence change agents?

Goals:
* Support the creative industries.
* Reduce silos and support the policy changes needed to make Miami a friendlier city.
* Develop... more »
Who are you?

Malia Lazu, founder of Future Boston Alliance, is an experienced social entrepreneur and philanthropic activist. James Echols & Annette Peikert are co-founders of Life Is Art, Soul Of Miami, and PhilanthroFest.

How does this project impact the issue you selected?

One of the greatest areas of need identified by the Our Miami research is in the ability for Miami-Dade residents to start and grow new businesses. This program brings together capital and ideas through education to create a platform for entrepreneurs to understand what investors are looking for and how to reach that. Because the investors themselves are part of the educational process, it creates more confidence in their investments, as well.

What data points from The Our Miami Report does your project address?

Miami-Dade Residents Can Start & Grow New Businesses . While Miami-Dade County may have a high rate of very recent start-up formation compared to the US and other major metros, without knowledge and capital, these start-ups fail at an alarmingly high rate. The high start-up to low capital ratio that exists in Miami is a sure recipe for a crash. In addition, the start-up economy, and certainly not the capital is not well distributed throughout Miami's residents.

Please give examples of your project's success.

Since its launch, Future Boston has motivated thousands to help Boston to become greater than the sum of its parts. Out of their classes, they have funded several new start-up businesses and provided critical education to numerous others.

Life Is Art / Soul Of Miami has been operating for six years. Through their programs, many thousands of Miamians have become more engaged in the community. Overall, they have produced over one-hundreds events of all types and sizes in South Florida.

Organization Name (or individuals name) Life Is Art / Soul Of Miami

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