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Published on April 02, 2024
Miami-Dade Economic Advocacy Trust Pushes Economic Opportunity with $100K to Black-Owned BusinessesSource: Unsplash/ Cytonn Photography

The Miami-Dade Economic Advocacy Trust (MDEAT) has made waves in the local entrepreneurial scene with its latest move to back Black-owned businesses. According to an announcement on April 1, ten local businesses have been handed a financial boost in the form of $10,000 grants through their Small Minority Black Business Capitalization Grant Program.

Executive Director Bill Diggs was quoted saying, "Our Small Minority Black Business Capitalization Grant Program serves as a dynamic initiative aimed at dismantling barriers to prosperity, heralding a new era of economic opportunity." The selection, reflecting a diverse range of industries, has amplified MDEAT's investment in Black enterprise to nearly $600,000 over three years.

A buzz was sparked among the county's for-profit and non-profit sectors by the program, designed to fuel expansion and sustainability through funding for critical business needs like equipment and marketing. With a history of disbursing nearly half a million dollars in the past two years, this year's financial endorsement continues to build MDEAT's reputation as a cornerstone for economic development and access within the Black business community.

Diggs further emphasized the program's transformative impact, "The success of our grant program underscores the transformative power of strategic investment in Black-owned businesses." The winners, recognized for their entrepreneurial spirit and potential for growth, will be getting a formal nod at an upcoming ceremony.

Businesses benefiting from the grant include Pixxels, Inc., Lou Foundation, Inc., and Treats & Eatz, LLC, among others. In showing support for these recipients, MDEAT invites the wider community to join in and support these ventures. A detailed list of all winners and further information about MDEAT's initiatives can be found on their website.

Miami-Community & Society