Status:
Open: December 13, 2024
Submission Deadline: August 1, 2025
Introduction:
The Vitality Fund is a multi-year, performance-based grant program designed to 1) incentivize the relocation to, or expansion of companies who plan to occupy commercial office space in the District, with a preference for attraction to, or retention and expansion in the central business district (the “Vitality Fund Target Area”), and to 2) encourage job creation and investment in DC.
General Eligibility Requirements:
The general eligibility requirements to be considered eligible for a grant are below. Please see the RFA for further details regarding eligibility.
- Occupy or intend to occupy commercial space in Washington, DC, with preference for applicants that will occupy at least 15,000 square feet for five (5) years. Preference will also be given to applicants occupying space within the Vitality Fund Target Area.
- Planning to create new jobs at the occupied office space, with a preference for applicants that intend to create at least 30 jobs over a three-year period.
- Planning to make significant capital improvements to the occupied office space, with a preference for applicants that intend to invest at least $2 million in improvements.
- Preference will be given to established companies in the following high-growth industry sectors, specifically the industry subsectors, though companies otherwise meeting the eligibility criteria for the Vitality Fund may be eligible. Applicants may be for-profit or non-profit entities.
- Consulting Services
- HQs
- Consulting and Business Services
- Communications and Design
- Marketing
- Electronic Media
- Education and Research
- Research Organizations
- Life Sciences
- Health Technology
- Technology
- Cybersecurity
- Artificial Intelligence
- Financial Technology
- Consulting Services
Additional information will be made available to the public starting December 2024. Please continue to monitor this page for updates.
Point of Contact
DMPED Business Development
Phone: (202) 727-6365
Email: [email protected]
Program Requirements:
All recipients of a Vitality Fund grant must commit to the following requirements:
- Require employees, in the aggregate, to be on-site at the location for at least 50% of their work hours.
- Implement or participate in a workforce development program that offers DC residents opportunities for training or employment within the business or the industry in which it operates; OR commit to spending at least 5% of its total annual contracting with businesses eligible for certification as local business enterprises.
- If award is greater than $300,000, comply with First Source requirement that 51% of new hires be District of Columbia residents.
How to Apply:
If your company is actively considering relocating or expanding its office location, and meets the general eligibility requirements, please complete the Vitality Fund Intake Form to begin the process.
Resources:
Request for Applications (RFA)
Vitality Fund One Pager
Vitality Fund Intake Form
Notice of Funding Availability (NOFA)