The Office of the Deputy Mayor for Planning and Economic Development (DMPED) is soliciting grant applications from qualified small business owners who wish to improve their place of business or open a new retail business.
Donor Name: Office of the Deputy Mayor for Planning and Economic Development (DMPED)
State: District of Columbia
Type of Grant: Grant
Deadline: 03/15/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
The purpose of the Great Streets Initiative is to transform certain designated emerging commercial corridors into thriving, walkable, shoppable and inviting neighborhood experiences. The Great Streets Initiative does this by supporting existing businesses, attracting new businesses, increasing the District’s tax base, and creating new job opportunities for residents through capital improvement grants.
The Great Streets Retail program has identified the following funding priorities:
- The program encourages existing and new neighborhood-based retail-oriented businesses which seek access to capital to improve their place of business, open a new business, re-imaging their service approach by expanding services, and/or to fill a need in designated emerging corridor.
- The program grows the District’s local small business economy and bolster neighborhoods through increasing access to neighborhood-based retail amenities. DMPED seeks to invest in 13 retail priority areas, “Great Streets Corridors,” with the goal of creating livable, walkable, shoppable, community-serving retail experiences across all eight wards.
- DMPED seeks to invest in small businesses which:
- Activate or stabilize emerging neighborhoods through its physical presence.
- Maintain and/or create new jobs.
- Improve the customer experience via interior remodeling or e-commerce systems.
- Attract private investment in emerging neighborhoods.
Funding Information
- DMPED will award up to $2,550,000.00
- DMPED anticipates up to 35 awards ranging from $25,000 up to $85,000.
Eligibility Criteria
Include 501(c)(3) non-profit corporations, joint ventures, partnerships, cooperatives, and limited liability types of companies, corporations, and for-profit and non-profit developers.
For more information, visit DMPED.
