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DHCD Increases Funding to Assist Small Businesses to Over $3 Million

Friday, May 6, 2016
Many new grantees to SBTA program shows how DHCD is expanding its reach.

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
Communistar $75,000
Development Corp. of Columbia Heights $140,000
Latino Economic Development Center $92,424
Life Asset $100,000
Old Takoma Business Association $37,000
SB Works $224,024
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.