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.
Please feel free to use this list for inspiration or apply with an original idea of your own! Links are provided throughout for resources that may inspire you.
Please Note: The Project Inspiration and Ideas presented below will not receive priority or favor in the microgrant application process, they are merely being shared as possible inspiration and to help spur ideas. All ideas are welcome.
Through the Pico Wellbeing Project, residents have shared dozens of creative and rich ideas for how to increase economic opportunity in the Pico neighborhood. For example, residents identified “trainings on financial management, literacy, and health” and “savings to reduce debt (for youth, too)” as needs in the community. How could $500 support the community in one of these areas?
To see a full list of community-identified ideas for economic opportunity, click here .
Could $500 help you meet your goals of starting a business or social enterprise? Apply for a microgrant to help get your business off the ground.
In the Art in Storefronts program in San Francisco, artists pair with small businesses to beautify storefronts and showcase their work.
Co-ops (Cooperatives) are a great model for building community wealth and support structures. Do you have an idea to form a co-op to meet your needs?
Babysitting co-ops can be a useful model to support busy parents.
Do you want to vend your product or food? Are you close to starting your vending business but just need a small boost to get things moving?
Sidewalk Vending policy changes are coming to Santa Monica. This could be a great opportunity to get started.
Are you interested in sharing your skills with others? Do you want to support professional, creative, or skill-based growth among your neighbors? Or, is there a training that would help you get your professional skills to the next level in your own career?
Stories shared through Minnesota’s MicroGrants program include examples of training or skill-building that got grantees to the next level economically. Check them out and see what works for you!