FORT LAUDERDALE, Fla., Jan. 22, 2021 /PRNewswire/ -- Today's announcement of a 6.6 percent unemployment rate in Broward County for December 2020 adds impetus to a newly-announced initiative of Community Foundation of Broward -- a $1 million dollar BE BOLD Prize to get Broward County residents back to work within the next two years.  The BE BOLD Prize encourages new ways of thinking that move beyond traditional workforce development programs and embrace an innovative idea and solution for transformative community impact.

Nationally, the U.S. economy lost 140,000 jobs during the month of December, according to a recent federal jobs report.  Based on data released by the Florida Department of Economic Opportunity, Broward's unemployment rate stood at 6.6 percent in December 2020, with 60,100 fewer people working in private sector jobs in December 2020, compared to December 2019.

Workers in leisure and hospitality have been disproportionately affected by the pandemic, with a loss of 23,400 jobs in Broward as of December 2020, compared to December of 2019.  Unemployment among African-Americans in Broward has historically been higher than unemployment among the general population.  

"Our goal is to tackle COVID-19 job losses in Broward County and their amplified impact on communities of color," said Sheri Brown, Community Foundation of Broward Vice President of Community Impact.  "We want to help affected Broward County residents to gain stable employment within the next two years."

The $1 million BE BOLD Prize grant is open to nonprofit, government and for-profit entities.  Collaboration among organizations is encouraged and employer involvement is a critical element.  Preference will be given to organizations located in Broward County; organizations outside of Broward may also apply as long as they can demonstrate high-quality programs and direct impact on employment of Broward County residents.

Community Foundation of Broward is hosting a BE BOLD Prize Zoom Information Session on Wednesday, Jan. 27, from 11 a.m. to Noon.  Registration is required. 

Community Foundation of Broward has posted a BE BOLD Prize request for proposals with application details at https://www.cfbroward.org/articles/the-be-bold-prize-rfp-now-open.  The RFP notes specific objectives, including employment for a significant portion of currently unemployed Broward residents, a focus on employment for people of color and creation of a unique or scalable idea which is sustainable beyond the 2-year time period of the grant.  The challenge is to create new initiatives or scale up proven initiatives.

Applications are due no later than Friday, April 9 at 11:59 p.m. with announcement of the winner by the end of May.

For more information about the $1 million dollar BE BOLD Prize grant, please contact Sheri Brown, Vice President of Community Impact for Community Foundation of Broward at sbrown@cfbroward.org or 954-761-9503.

For more information about Community Foundation of Broward, please contact Kirk Englehardt, Vice President of Marketing and Communications at the Community Foundation at kenglehardt@cfbroward.org or call 954-761-9503.

About Community Foundation of Broward: 

Founded in 1984, Community Foundation of Broward (CFB) helps families, individuals, and corporations create personalized charitable Funds that deliver game-changing philanthropic impact.  473 charitable Funds represent more than $212 million in assets, distributing $119 million in grants over the past 35 years.  CFB provides bold leadership on community solutions and fosters philanthropy that connects people who care with causes that matter – which empowers visionaries, innovators and doers to create the change they want to see in the community – and BE BOLD. www.cfbroward.org. 

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SOURCE Community Foundation of Broward

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