Mayor Daniella Cava has big plans for Miami-Dade county, and she has the funding to make the Innovation Authority happen
In her live State of the County address as Mayor of Miami-Dade County, Daniella Levine Cava announced grants for the county's latest not-for-profit organization, the Miami-Dade Innovation Authority. Miami-Dade County obtained seed money of $9 million to fund financial support to forward-thinking companies that develop effective strategies for pressing local issues.
Find out why the organization was formed and what Mayor Levine Cava has planned for the future of Miami-Dade in this article.
Why was the Miami-Dade Innovation Authority formed?
The mission of the Innovation Authority is to fund ground-breaking businesses taking on key societal issues. The million-dollar funding will allow businesses to test out innovative technology and possible pollution, resilience, housing-to-transit, and healthcare-related solutions.
To help companies succeed, the Innovation Authority will collaborate closely with private sector financiers, pooling public and private funds to achieve optimal results. Following approval from the Miami-Dade County Commission in March, it will debut with a total of $9 million, with $3 million coming from Citadel CEO Ken Griffin, the Knight Foundation, and Miami-Dade itself.
What are the actual plans for Miami-Dade?
In her inaugural in-person State of the County speech, Miami-Dade Mayor Daniella Levine Cava addressed a wide range of issues, including continuing efforts to construct new affordable housing units and green strategies like the Extreme Heat Action Plan. The Mayor also announced a new construction apprenticeship program, where participants will be able to obtain on-the-job experience at county-contracted building sites.
Levine Cava has stated that her government is planning on launching a new Broadband and Digital Equity Action Plan to assist low-income communities in bridging the digital divide. Among the organizations she mentioned were the Miami Foundation and Miami Connected.
How do you think these projects will improve Miami-Dade county? Share your thoughts and comments about this initiative in the comments below.
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