Today the Department of Housing and Community Development (DHCD) has awarded an additional $1.1 million in grant funding to 10 community based non-profit organizations to conduct small business support activities in targeted commercial corridors within the District. The announcement is part of the District’s effort to promote and assist local businesses during National Small Business Week.
In November 2015, DHCD awarded nearly $2 million under its Small Business Technical Assistance (SBTA) Program. The additional funding announced today brings the total to more than $3.1 million.
The SBTA program, which provides specialized support services to start-up and established businesses, is intended to attract new businesses, create and retain jobs, and revitalize targeted commercial corridors. The funding is made available through the U.S. Housing and Urban Development’s (HUD) Community Development Block Grant program (CDBG).
The 10 awardees are:
|ARCH Development Corporation||$140,000|
|Central Community Development Corporation||$75,000|
|Cohns Culinary & Hospitality Management||$75,000|
|Development Corp. of Columbia Heights||$140,000|
|Latino Economic Development Center||$92,424|
|Old Takoma Business Association||$37,000|
|Washington Area Community Investment Fund||$200,000|
Many of the grantees are new to the SBTA program, which demonstrates how DHCD is expanding its reach across the District.
The small business assistance provided under the SBTA can include, but is not limited to, micro-loan packaging, business planning, entrepreneurial training, one-on-one business technical assistance, tax preparation assistance, accounting assistance, or legal assistance.
For more information, please visit: dhcd.dc.gov/service/small-business-technical-assistance-sbta.