The City's Wellbeing Index revealed that many of residents are facing economic challenges. 1 in 4 residents is living paycheck to paycheck or struggling to get by financially, facing worries about paying their rent or mortgage. 49% say their job is very stressful, and 60% don't think there is enough opportunity here for their children to be able to afford to live here when they are adults.
While many of these issues require big solutions, microgrants focused on Economic Opportunity can help in small ways that have a big impact – they pay for skills training to increase options for better employment, kickstart a new business, or provide the basics needed to create a co-op with community members that provides the services you need at no cost at all.
Microgrants have been awarded for the second round of the City of Santa Monica’s Wellbeing Microgrants program!
Out of 14 total applications, these six projects were selected. In creative and exceptional ways, they each focus on aspects of economic opportunity including start ups, financial literacy, and small business support. Selection was based on the Evaluation Criteria listed on the application.