Formula One commits $500K to Miami Gardens community partnership benefitting small businesses

Formula One is investing up to $500,000 to support small business owners in Miami Gardens, where its racing events will be held for the next decade.

The organization announced the grant program last week alongside elected city officials at Hard Rock Stadium, home of the Miami Dolphins and the Miami Grand Prix, which in May became the first Formula One event held outside of Texas in years.

The program is being administered through the Community Fund of North Miami Dade, a subsidiary of the Opa-locka Community Development Corporation, which matched the Formula One contribution for a total $1 million grant sum.

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