Sorry, you need to enable JavaScript to visit this website.

dmped

Office of the Deputy Mayor for Planning and Economic Development
 

DC Agency Top Menu

-A +A
Bookmark and Share

Small Medium Business Growth Fund

DEADLINE EXTENDED - Friday, June 3, 2022

Mayor Bowser and the Office of the Deputy Mayor for Planning & Economic Development is investing $5.4 million in the Small Medium Business Growth Fund, a program that will offer grants aimed to retain and expand district-based small businesses by supporting large scale capital improvements, large equipment purchasing, and technological advancements within retail, professional services, industrial-based businesses and manufacturing industries.

The Small Medium Business Growth Fund targets:

  • Professional Services (this includes technology/life sciences companies)
  • Industrial-based
  • Manufacturer
  • Retail
  • Small Business Investment Projects (for profit & non-profit*)
  • New businesses and existing businesses
  • Startups participating in a DC accelerator/incubator*

Grants made to small businesses will support funding under four categories. Businesses may apply for funding in one of the following categories:

Retail
Awards up to $50,000 to support capital improvement, purchase of large equipment, and retail expansion. 

Local Manufacturer
Awards up to $100,000 to support capital improvement, purchase of large equipment on commercial property with a designated industrial use. 

Small Business Investment Projects
Awards up to $600,000 to support innovative projects that elevate the development of distressed and emerging neighborhoods throughout the district. Note: the project must be delivered within a 12-month timeline.

Technology Advancement 
Awards up to $200,000 to support technology advancements like automation, AI, Machine Learning, VR, robotic process automations, augmented reality, systems upgrades and processes that allow businesses to scale.

STATUS: OPEN

Opening: Friday, April 22, 2022
Closing: Friday, June 3, 2022 at 4:00 PM EST

More information:

To be considered for funding, applicants must apply online at the Office of the Deputy Mayor for Planning and Economic Development GrantVantage Online Application Portal.
Note: GrantVantage can not be operated via cellphone.

Online Application
For the application process, applicants will submit proposals using the online grant management system at: GrantVantage - Application Process.

  • Applications will be submitted online through the GrantVantage system. Applicants will be required to follow a series of steps to submit their application: GrantVantage Applicant Instructions
    1. Create an Applicant Profile
    2. Answer applicant questions
  • Applicants will send technical support questions to GrantVantage at [email protected]. Technical assistance will be available during business hours 9:00 am - 6:00 pm EST.

For questions about the grant content, applicants will submit questions to [email protected]

Information Sessions Register Here

  • VIRTUAL SESSIONS
  • IN-PERSON SESSIONS
      • May 5- Location: 3200 MLK Jr Ave SE (10 am- 12 pm)
      • May 19- Location: MHCDO, 3939 Benning RD NE (1- 2 pm)