The Small Business Grants for 2024 offer funding to businesses eligible within the H Street Main Street corridor. Allowable uses of the grant funds encompass interior and exterior renovations, enhancements to storefronts, security upgrades, as well as specified hard and soft costs aimed at fostering business growth.
Obviously DC, through the DMPED cluster will offer a range of grant programs and procurement opportunities for businesses in DC, encompassing both existing and newly established initiatives.
Great Streets assists small businesses by offering grants for capital improvements, providing funding of up to $85,000 for both exterior and interior renovations, as well as partial operational enhancements.
The Private Security Camera Incentive program offers rebates to businesses for the acquisition and installation of security camera systems on their premises, with the requirement to register them with the Metropolitan Police Department. Businesses are eligible for a rebate of up to $200 per exterior camera, with a maximum total rebate of $750.
The Small Retailer Property Tax Relief Credit is a refundable franchise tax credit designed for retail businesses with annual federal gross receipts of less than $2.5 million. The credit amount is determined as the lesser of $5,000 or the business’s real property taxes paid, or 10% of the rent paid by the business.
DC Department of Insurance, Securities and Banking, as a regulatory agency overseeing the financial services industries in the District of Columbia, offers and engages in initiatives and resources aimed at aiding small business owners in fostering sustainable economic development.
The Washington Area Community Investment Fund offers low- and moderate-income entrepreneurs access to capital products and services, along with technical assistance for capacity building.