The fund will provide much-needed capital to assist brick-and-mortar businesses with a $10,000 grant to support business model pivots and much more.
WASHINGTON — Washington officials announced on Monday that a new Small Business Resiliency Fund initiative will provide $3 million in emergency operational funding for small and local businesses located in the District.
The fund will be housed in the Office of the Deputy Mayor for Planning and Economic Development (DMPED), with an application period for grants starting to be excepted on Tuesday, October 6.
“Our businesses have been resilient in the face of immense challenges, and we know they still need our support,” said Mayor Bowser. “These grants will help small businesses adapt and implement creative measures so they can stay open and operating during the public health emergency.”
The District has partnered with City First Enterprises, a local U.S. Treasury designated Community Development Financial Institution (CDFI), to