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Office of the Deputy Mayor for Planning and Economic Development
 

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Small Medium Business Growth Fund

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, May 27, 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.

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)