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Health Foundation of South Florida Announces Investment in AI-Powered Platform Designed to Drive Millions in Institutional Spending to Local and Minority-owned Small Businesses

The Health Foundation of South Florida, the region’s largest philanthropic organization focused on achieving health equity in historically underserved communities, announced it is investing up to $1.2 million to launch an AI-powered tech platform designed to help increase contracting opportunities for local and minority-owned small businesses at regional anchor institutions. The initiative is part of the Foundation’s overarching goal of addressing and positively impacting the social and economic disparities that profoundly impact community health and well-being.

In addition, 10 local public and private institutions—Miami-Dade County, Broward County and the City of Miami; Florida International University, Broward College and the University of Miami; Miami Dade Public Schools and Broward County Public Schools; UHealth and Broward Health—announced commitments to join the marketplace. It represents the first time, in South Florida and across the country, that multiple institutions from multiple sectors join forces to pool contracting opportunities into one shared platform with the goal of making it easier for diverse small businesses to access them.

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