Shared Equity in Economic Development (SEED) Fellowship
Published on 04 December 2018
The City of Miami’s Housing & Community Development Department is participating in the inaugural Shared Equity in Economic Development (SEED) Fellowship, a convening of community development and economic leaders in four U.S. Cities – Miami, Atlanta, Philadelphia, and Durham – made possible via a partnership between the National League of Cities (NLC) and Democracy at Work Institute (DAWI). The year-long fellowship will be meeting in Miami starting Tuesday, December 4, and touring Miami’s business corridors.
The SEED Fellowship’s focus is to provide technical assistance and leadership training to the participating cities’ representatives (fellows), to equip them with the tools and expertise needed towards building equitable communities by supporting employee-ownership efforts via locally-tailored strategies. Employee-ownership efforts have proven to help cities retain established, legacy businesses, local jobs and capital. Each participating city also forms a local advisory group of stakeholders who assist in further developing the employee-ownership strategies.
With recent passing of the Main Street Employee Ownership Act, this legislation directs the Small Business Administration to finance and provide technical assistance to employee owned businesses, particularly as a means of preserving local businesses.