Summary
Organization name
Tech Equity Miami
Address
200 S BISCAYNE BLVD STE 505Miami, FL 33131
Tech Equity Miami is a first of its kind funding consortium that aims to deploy $100 million in philanthropic funding over five years into initiatives that remove entry barriers into the tech industry and that will create opportunities for underrepresented groups, including youth and small businesses.
To measure community impact, all projects that receive a Tech Equity Miami designation will contribute information and statistics to a public database that tracks progress towards the initiative’s outcomes and impact goals.
Miami’s evolution into a global tech hub is accelerating, with recent reports showing 45 percent growth in venture capital dollars across the metro area. The Brookings Institution and LinkedIn report equally robust growth in the number of tech professionals choosing to work in Miami, with a 30% increase in the net flow of workers in the software and IT sector who moved to the region since 2020.
Similarly, enrolment in tech-related programs at Florida International University and Miami Dade College is experiencing double-digit year-over-year growth.
The tech movement is exposing equity challenges and opportunity gaps. More than 65% of Greater Miami residents identify as Black, Hispanic or Latino, yet of all South Florida tech employees, these groups make up only 12% and 27% respectively. What’s more, only 26 % identify as female. The issue of tech equity goes far beyond representation in the workforce, with census data reporting as many as 100,000 households in Miami without any internet access - roughly one in five homes.
Organization name
Tech Equity Miami
Address
200 S BISCAYNE BLVD STE 505