(Washington, DC) On Thursday, May 26, at 11 am, Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Economic Development (DMPED) will announce the FY22 awardees of the $1.7 million Great Streets Retail Small Business grant program, the $317,000 Locally Made grant program, and the $4 million Neighborhood Prosperity Fund. These grants will build on the more than $300 million in recovery support that the District has invested in DC businesses since 2020.
The Great Streets Small Business Grants program is designed to create commercial vibrancy along the city’s emerging corridors and surrounding neighborhoods by supporting existing small businesses, attracting new businesses, and creating jobs for District residents.
The Locally Made Manufacturing Grant supports capital or tenant improvements of commercial property with designated industrial use located in a Great Streets corridor for qualified small business and real estate developers whose core business aligns with light manufacturing.
The Neighborhood Prosperity Fund incentivizes community development, economic growth, and job creation by leveraging local funds to provide gap financing for projects that attract private investment to historically disadvantaged communities.
A total of 65 businesses will be awarded grants, with investments ranging from $50,000 - $750,000.
When:
Thursday, May 26 at 11 am
Who:
Mayor Muriel Bowser
John Falcicchio, Deputy Mayor for Planning and Economic Development
Kristi Whitfield, Director, Department of Small and Local Business Development (DSLBD)
Constantine Stavropoulos, Owner, Tryst Trading Company
Where:
The Coupe
3415 11th St NW
*Closest Metro Station: Georgia Ave-Petworth Metro Station*
*Closest Bikeshare Station: 11th & Park Rd NW*
Press interested in attending the event are asked to RSVP to [email protected].
The DC Office of Cable Television, Film, Music, and Entertainment will provide a live feed of this event. To view events online visit mayor.dc.gov/live, tune in on Channel 16 (DCN) or any of the social media platforms below.
Social Media:
Mayor Bowser Twitter: @MayorBowser
Mayor Bowser Instagram: @Mayor_Bowser
Mayor Bowser Facebook: facebook.com/MayorMurielBowser
Mayor Bowser YouTube: https://www.bit.ly/eomvideos