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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19 votes
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Economy

Revive the Apprentice Model in Miami

We are growing a new pathway for professional success in Miami. According to recent studies, Miami is the hardest city in the country to find a job. Young people go into debt getting college degrees, to then find themselves underemployed or unemployed, working most frequently in entry-level roles where they learn from the lowest ranking managers in a company. That's a backward way to build a vibrant talent force.... more »
Who are you?

Shaila & Kane, friends from the tech/startup space. Since launching in 2012, we have been named Echoing Green Fellows, Forbes 30 Under 30, & Next Leaders of the Future. Enstitute has been featured by CNN, Fast Company, and NYTimes.

How does this project impact the issue you selected?

We are building a new pathway to economic success in Miami. We retain and develop top young talent, offering them outstanding professional development, access to powerful networks, and mentorship from our city's top economic leaders. We support businesses in Miami by offering them smart, ambitious, young talent who we develop over the course of their apprenticeship. We also retain that talent, as 90% of our apprentices complete the program with a full time job offer from their host company.

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

The Our Miami report highlighted a 2.5% employment growth rate in Miami in 2013. While that is promising, some peer cities had stronger results. (Houston has a 3.3% rate). Small businesses in Miami are growing into larger businesses at a .46% rate, while peer cities like Chicago boast a .78% rate. We seek to improve these statistics by helping talented young people get incredible jobs locally and by supporting the leaders of Miami businesses to accelerate the success of their enterprises.

Please give examples of your project's success.

Most importantly, 90% of our apprentices complete the program with a job offer from their host company, with an average starting salary of $50,000. Over 85% of our host companies have referred another company to be a part of the program. Several of our CEOs contended that taking on apprentices is one of the most impactful leadership decisions they made this past year.

Organization Name (or individuals name) Enstitute

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58 votes
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Economy

Preserving Haitian Identity through Economic Security

NE2P’s proposal is to further support our capabilities to execute the Business Improvement District (BID) process for Little Haiti (LH) in Miami, Florida, ultimately securing a BID for the area leading to increased economic growth, artistic environment, and local civic engagement.

Miami has the largest Haitian population outside of Haiti, and LH is the only US neighborhood identified as a Haitian ethnic enclave. Using... more »
Who are you?

NE2P is composed of diverse stakeholders interested in the revitalization of “Downtown Little Haiti” of Miami through creating and sustaining a vibrant commercial center, which increases economic opportunities and forges the area's cultural identity.

How does this project impact the issue you selected?

Via a BID, we will secure funds to address enhancements - lighting, sanitation, pedestrian safety - that will propel it as a cultural destination in Miami. Most immediately, this will increase pedestrian traffic which translates into increased economic opportunities. We will further develop underlying strategies for urban development that is sustainable and community-oriented, keeping Little Haiti with the mix of people that make it a unique Haitian experience in the heart of Miami.

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

Via a BID, Little Haiti will have funds to improve the area propelling it as another environment rich in unique art and cultural experiences that retain a Haitian flair. This will expose residents to a beautified and culturally enriched community. Paralleling this will be increased economic opportunities to accommodate increased pedestrian and tourist traffic. Last, with a BID, we can increase community engagement and bring our diverse participants together to shape our neighborhood.

Please give examples of your project's success.

Without funding NE2P has already begun the initial steps necessary to seek a BID. This has included researching the step-by-step process for a BID, tracing the history of the neighborhood, collaborating with individuals central to the successful Wynwood BID, and sketching out a timeline. Funds are necessary to actually execute the BID process. Continued examples of success will be: completion of needed databases, marketing campaigns, town hall meetings, and actual voting.

Organization Name (or individuals name) Northeast Second Avenue Partnership (NE2P)

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2 votes
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Economy

popSTART

popSTART is a not-for-profit initiative of the Global Shapers Community: Miami Hub which aims to help small independently owned businesses by connecting them with strategic resources throughout the local community.

Who are you?

We are Global Shapers: Miami Hub, an initiative of the World Economic Forum. Our organization consists of 22 young professionals all focused on improving the city of Miami, targeting the areas of Education, Entrepreneurship and Technology.

How does this project impact the issue you selected?

We believe that small business, such as mom-and-pop, stores, help not only maintain the culture and identity of Miami, but also provide significant economic growth. However, small businesses often struggle surviving amidst the ever-changing economy. We seek to identify those struggling small businesses and connect them with the resources they will need to survive and compete in Miami's markets.

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

Our project looks to increase the percentages of small business formation. We believe that we can help these . Furthermore, some of these small business may also look to expand into a mid-sized firm/business. By providing them with the necessary tools and resources to execute that expansion, our project brings substantial value to the table.

Please give examples of your project's success.

We have reached out to organizations such as Accion (based in NYC) and TechTown (based in Detroit), which both have a similar business model and achieved significant success in bringing aid to small business. We plan to execute a similar project model as these organizations to help Miami's small businesses address their various needs.

Organization Name (or individuals name) Global Shapers

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3 votes
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Economy

FU Nights Miami

FU Nights occur in 20+ cities around the world. As a goal, it is global movement that aims to accelerate the learning process while reaching people closer to actual cases of business failure. Logistically, it is a monthly event series where entrepreneurs talk about their biggest professional or business failure in a candid way.

As a Miami-specific example, Faquiry Diaz (CEO, Tres Mares Group) has already agreed to be... more »
Who are you?

An organizational psychologist, recent Miami returnee, and aspiring changemaker. I am the Founder/Dean of Awesome Foundation MIAMI and the curator of the Miami Global Shapers (a World Economic Forum initiative). I believe small changes add up.

How does this project impact the issue you selected?

Miami's economy is recovering but in need of investment and energy. As a social psychologist, I believe that larger community-wide pivot points emerge from accumulated individual points of inflection. Ultimately, entrepreneurial growth comes from the average citizen feeling enough self-efficacy to believe their idea is worth exploring. However, our narrative often highlights a handful of success stories without encouraging the average person to approach and feel heartened to undertake their own.

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

FU Nights engage the average Miamian in a frank conversation about failure and the process of entrepreneurship with the more of our denizens will want to turn their ideas into pilots, small businesses, and other ventures. This honest conversation will make entrepreneurship more accessible and will hopefully encourage (a) the formation of small businesses, (b) the growth or expansion of existing small businesses, and (c) a general sense of collaboration and innovation in our city.

Please give examples of your project's success.

Since its inception in Mexico City, FU Nights have spread to many cities in Mexico and to eight other global cities.

There has been much written and published about the power of failure as a learning tool, a rite of passage, and a positive driver toward innovation, change, and growth (as an example, see "The Power of Failure" in NYT by Sarika Bansal). Miami is a city growing and trying to find its legs - opening up about failure in a constructive way could be a powerful catalyst.

Organization Name (or individuals name) Natalia Martinez

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0 votes
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Economy

Sustainable Manufacturing in South Florida

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The existing approach to product development/manufacturing is in dire need of a paradigm shift. Resources and labor have been outsourced to such an extent that the carbon footprint associated with consumer products is through the roof. Not to mention legislation, companies and organizations are pulling together to demand a more eco-conscious approach to daily practices and protocol.

D Squared Engineering seeks to improve... more »
Who are you?

D Squared Engineering is a small team of engineers specializing in efficiency optimization coupled with a passion for eco-conscious initiatives, and with over 40 years combined experience providing innovative solutions.

How does this project impact the issue you selected?

Taking a holistic approach to efficiency optimization allows us to target not one, but four key platforms - the creation of "green collar" local jobs, the utilization of regionally-sourced raw material, the implementation of a local manufacturing facility, and the establishment of sustainable product alternatives.

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

The fist point addresses the offering of diverse jobs within our community. This project will not only bolster manufacturing efforts for South Florida, but also provide the sustainable foundation necessary to cultivate a formula for perpetuity in technical job openings.
Second is the growth of a Miami-based company such as D Squared - highlighting the opportunities available and support of local markets that aid in bolstering local business success.

Please give examples of your project's success.

Miami-Dade County will become a leader in the use of sustainable packaging materials and composites to replace existing alternatives.
Schools will have the opportunity to participate in training programs focused on green tech, local companies can rely on sustainably manufactured products that cary not only environmental benefits but also competitive pricing, and the County will take a leap forward in battling the "brain drain" Miami has experienced.

Organization Name (or individuals name) D Squared Engineering

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45 votes
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Economy

Incubate Social Change

As Miami grows it faces a number of serious social and environmental problems that will impede its ability to have a truly robust economy and compete in global markets. We believe that our local entrepreneurs can solve these problems: problems that are not being addressed effectively by other sectors alone, problems that also represent substantial market opportunities and the potential for diversified and inclusive job... more »
Who are you?

The Center for Social Change is a nonprofit dedicated to cultivating social innovation to achieve meaningful social change with maximum impact, and supported by Charity Deposits Corp.(banking business) and Charity Services Centers (law firm).

How does this project impact the issue you selected?

By educating social entrepreneurs, helping them launch ventures, and connecting them with professionals that can help them scale, our project ultimately creates new high-impact businesses and jobs that continually create new market opportunities and enables sustainable, inclusive economic growth. Since this type of business and growth resonates with millennials, we're also combating Miami’s brain-drain problem. In short, we’re cultivating a social solution oriented economy and citizenry.

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

We address the data points of (i) creating ample, diverse job opportunities and (ii) starting and growing new businesses. Our project creates high-impact, high growth enterprises that yield jobs upon formation and more jobs as they grow. These jobs will be in diverse areas such as clean energy, sustainable products/apparel and social ventures in health, education, tech and finance. Some of these social ventures will be started by and/or employ low-income or otherwise disadvantaged residents.

Please give examples of your project's success.

The Center for Social Change created and manages Miami's first shared workspace and event venue exclusively for social purpose ventures. Since completion of the build-out in August of 2014, the workspace is already at 80% capacity and has hosted 15 events and workshops reaching up to 300 participants. Launching Incubate Social Change is the natural next step. To that end we’ve secured some key partners, advisors, mentors and potential applicants and have developed our process and program.

Organization Name (or individuals name) Center for Social Change

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17 votes
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Economy

Service Dogs and Restaurants

This project witll work with Chambers of Commerce and reaturant owners to educate them about the service dog provisions of the Americans with Disabilities Act (ADA) and state law. We also propose to train users of service dog.Service dogsa re individually trained to serve people with disabilities, come in a lsizes and breeds, and serve a range of disabilities. This project will reduce tensions, and increase awareness.... more »
Who are you?

Director of Advocacy, CIL of South Florida. Former Senior Trial Attorney, Civil Rights Division, US Department of Justice, 1993-2005.
CILSF serves a cross-disability population, and seeks to enhance voluntary compliance with federal civil rights.

How does this project impact the issue you selected?

Restaurants are often faced with the decision of whether to allow a customer to enter while accompanied by a dog, and are required by federal law to allow cutomers with disabilities to be accompanied by a service dog. There id often great confusion about what a service dog is, and what questions the restaurant may lawfully ask. This project proposes to train restaurants and users of service dogs about the law, to help alleviate confusion and tension.

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

Integration of underserved populations.

Please give examples of your project's success.

The CIL of South Flroida has trained restaurant owners and users of service dogs about the ADA, resulting in better relationsships and compliance with the ADA. We have also taught users of service dogs about their rights, and diminished the need for litigation. We have also worked with city officials and health department oficials about the rights and obligations set forth in the ADA concerning service dogs. Thsi project is intended to increase cooperation and compliance.

Organization Name (or individuals name) Center for Independent Living of South Florida

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3 votes
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Economy

eMerge Americas

eMerge Americas is a not-for-profit initiative developed by the Technology Foundation of the Americas (TFA) that serves as a catalyst for establishing Miami as a technology hub. This large-scale technology conference is the defining moment for tapping into the diverse potential of local entrepreneurs and helping to transform our community’s economy. Our mission is to help advance Miami’s technology ecosystem through... more »
Who are you?

Launched by Technology Foundation of the Americas, eMerge Americas is a large-scale technology conference which showcases entrepreneurial innovation and trends through 6 industrial summits that will catalyze our community’s technology corridor.

How does this project impact the issue you selected?

eMerge Americas will impact our community’s economy by helping to connect entrepreneurs with established professionals in diverse industries: information technology, education, finance, health, government, and media/entertainment. This annual event will contribute to the creation of a world-class technology hub that helps entrepreneurs connect with industry professionals to develop their business ideas and create jobs that will drive our local economy.

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

Our project targets the two economic data points identified by The Our Miami Report:
Miami’s employment growth rate rose from 2.5% (2013) to 3.0% (2014) exceeding the national increase of 1.9%. However, according to Forbes, Miami is only ranked #58 in job growth. eMerge seeks to help Miami break the top #50 ranking by using emerging technologies to: 1) create a path for entrepreneurs to develop new business & 2) accelerate the number of innovative job opportunities available to the community.

Please give examples of your project's success.

eMerge Americas is transforming Miami’s economic landscape by engaging entrepreneurs of all ages. Our Startup Showcase allows start-ups and late-stage companies to compete in a 2-day challenge, while our STEM-focused activities provide K-16 students with opportunities to see their ideas come to life! Our inaugural conference attracted over 3,000 students and 6,000 attendees from 400 companies. We anticipate that our next event will attract 5,000 students and 10,000 attendees from 500 companies.

Organization Name (or individuals name) Technology Foundation of the Americas

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33 votes
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Economy

Ignition Accelerator for Nonprofits and Social Ventures

The Ignition Accelerator provides early-stage development for innovative ideas with social impact. The program is for non-profits and individuals to help develop viable and sustainable social programs.

Our curriculum is based on developing successful non-profit and social ventures. We apply entrepreneurial principles to social impact projects by focusing on (1) rapid access to funding, (2) intensive educational programming... more »
Who are you?

Ignition Fund supports brilliant ideas and innovation in
the fight against sex trafficking and violence against children. Ignition Accelerator use the techniques proven to develop effective programs in this field to support social ventures broadly.

How does this project impact the issue you selected?

Miami has a vibrant non-profit ecosystem with major players who draw national attention for innovation. There is remarkable coordination among these institutions for tackling long-established problems.

Our world is changing rapidly and those with the least are impacted disproportionately. But the established organizations are not best suited to address needs that arise quickly. Their large size, long funding cycles, and complex procedures make rapid change difficult for leading non-profits.

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

Ignition Accelerator will clearly spur economic growth. It will also bolster civic engagement and raise volunteer and charitable participation through new avenues to participate for all.

The impacts are multiplied across each of the eight targeted segments as each graduating class will support multiple social venture organizations. There will be particular emphasis on health and safety, arts and culture, and education while creating economic and social benefit through effective programs.

Please give examples of your project's success.

Ignition Fund supports programs, organizations, & individuals with innovative responses to social problems. CoFounder Sandy Skelaney, has built organizations from the ground up and successfully consults social venture organizations to create processes & procedures, obtain funding, and train organizations to deliver upon their social purpose. CoFounder Morgan Ware oversees foundations who fund social ventures and brings that skill to clients and the many non-profit boards she sits on.

Organization Name (or individuals name) Ignition Fund

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11 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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