Building wealth isn’t simply financial — it takes power-building to shift systems and ensure transformative outcomes. At Catalyst Miami, we invest in communities as they self-determine how to leverage their resources. We help put power back in the hands of communities by creating wealth-building opportunities that are controlled by people themselves, and by increasing their civic engagement. Our individualized services are designed to help families improve their health and financial stability. Our community economic development initiatives focus on incubating programs and solutions that promote economic inclusiveness and help build community-owned and -governed institutions. Our collective efforts foster more equitable, people-driven economic systems from which everyone can benefit.
The North Miami Community Investment Cooperative (NM-CIC) will allow North Miami residents to cooperatively own and operate a commercial property. In the first phase, which begins in 2021, Catalyst Miami will facilitate the purchase and initial management of the commercial real estate, including making infrastructural repairs and managing commercial tenant relations. Then, Catalyst Miami will oversee the process of selling the property back to individual members of the surrounding community.
Catalyst Miami connects individuals and families to health insurance and income supports (basic needs services), and provides financial services, products, and coaching. Through partnerships, we also help clients navigate issues related to immigration, education, employment, and housing. We bring these services to where residents live and work, improving community members’ general well-being and sharing tools for them to act as advocates in their own lives.
Small businesses are the bedrock of our local economy. During the COVID-19 pandemic, Catalyst Miami was one of three organizations to receive a grant from the City of Miami to support small businesses that had suffered economic losses. We began providing technical assistance to help businesses get back on their feet, and we will continue offering this service beyond the pandemic.
The Worker-Owned Enterprises Program equips participants with the tools to create employee-owned businesses called worker cooperatives. These businesses are owned and democratically run by the people who work there. Through cooperatives, the program contributes to a new, more resilient economy that works for all by supporting living-wage jobs, creating business ownership opportunities, and developing wealth from the ground up.
The Building Prosperity Workforce Cohort aims to help people transition into full-time, living-wage jobs. Each cohort member is placed with some of Miami's top workforce programs offering employment training and opportunities. As they each go through their programs, they also meet monthly as a group to share their learnings and support each other—receiving $50 for each group meeting they attend.
Future Bound Miami is a Children's Savings Account (CSA) program that establishes a free, long-term savings account for kindergarten students, increasing their readiness for college or postsecondary education. By 2023, we seek to establish a CSA for all kindergarten students in Miami-Dade County Public Schools (MDCPS).