dmped

Office of the Deputy Mayor for Planning and Economic Development
 

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Funding Opportunities

Below are funding opportunities that can help your business grow and thrive in the District.

DMPED Grants: Great Streets
Great Streets is the District’s commercial revitalization initiative, led by the Office of the Deputy Mayor for Planning and Economic Development (DMPED), designed to support existing small businesses, attract new businesses, increase the District’s tax base, create new job opportunities for District Residents, and transform emerging corridors into thriving and inviting neighborhood centers.

  • Great Streets Small Business Retail Grant: Annual, competitive grants up to $50,000 to support storefront improvements for qualified small businesses located along 13 commercial corridors.
  • Neighborhood Prosperity Fund (NPF): NPF provides gap funding for the non-residential components of a mixed used project, real estate, or retail development project in targeted census tracts where unemployment is 10% or greater.

View grant opportunities currently accepting applications.

Business Incentives
DC government offers a wide variety of incentives designed to attract, retain, and grow businesses in the District.

  • Incentives.dc.gov: This database contains funding programs and other resources for businesses provided by DC government agencies and third-party partner organizations. The searchable database describes each opportunity and provides contact information for the responsible party.
     
  • DC Tech Incentives: Qualified High Technology Companies (QHTC) can claim one of the most attractive incentive packages for technology businesses in the country, including reductions in corporate franchise and capital gains tax rates, new hire wage and training tax credits, and relocation tax credits.
  • DC Revenue Bond Program: Tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital by securing interest rates up to 4% lower than a traditional commercial loan.
     
  • Supermarket Tax Incentives: The District waives certain taxes and fees to grocery stores that locate in specific neighborhoods lacking access to fresh food.

Federal Incentive Programs

  • Opportunity Zones: A new federal program that provides capital gains tax deferrals and other incentives for investments in new businesses and commercial projects in low-income communities.
     
  • HUBZones: The HUBZone program gives federal contract preference to businesses in certain DC neighborhoods.