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D.C. Offers $3 Million In New Grants To Attract (Or Keep) Businesses Downtown

D.C. Mayor Muriel Bowser’s administration is offering new grants for businesses that open or expand in vacated downtown properties as part of an ongoing effort to bring life back to a major city corridor.

The $3 million in”downtown recovery grants” Bowser announced Monday aims to incentivize businesses to relocate or expand into downtown. The grant can cover construction, rent, and utilities. Up to five businesses are expected to each get between $200,000 to $3,000,000. To qualify, a business must lease a space that has been vacant for at least six months in the Downtown Business Improvement District or the Golden Triangle Business Improvement District, among other requirements including completing project by September 2025 and demonstrating how the project will drive foot traffic.

July 10, 2023
Published by Black Enterprise Resource Center on July 10, 2023
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First Fridays Recap

The members of the Black Enterprise Resource Center got together for a very special First Fridays session at the Silver Spring Civic Center in Silver Spring Maryland on July 7, 2023. Special presenters were Live Oak Bank and Dr. Paul Dyer.
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April 3, 2023
Published by Black Enterprise Resource Center on April 3, 2023
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Goldman Sachs: One Million Black Women Deploys More Than $2.1 Billion, Expected to Impact the Lives of Over 215,000 Black Women Across the Country

In just two years since launching, One Million Black Women has deployed more than $2.1 billion in investment capital and over $23 million in philanthropic capital to 137 organizations, companies and projects across the country.
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