DC.gov Beta Launch
You are previewing the early version of the redesigned DC.gov—still a work in progress. Your feedback helps us finish it right.
Share your
You are previewing the early version of the redesigned DC.gov—still a work in progress. Your feedback helps us finish it right.
Share your
LIfe Changes
Find resources and guidance for milestones like moving, starting a business, or growing your family in the District.
How do you identify?
Find resources tailored to you. Choose your role or identity - like resident, business owner, or student - and access the information you need in the District.
Resume your search for...
(Washington, DC) – Today, Mayor Muriel Bowser and Acting Deputy Mayor for Planning and Economic Development (DMPED) Nina Albert announced the second-round awardees that will receive $1.8 million total in funds through the Small Medium Business Growth Fund (SMB Fund) grant program. The SMB Fund aims to retain and expand District-based small businesses by supporting large scale capital improvements, critical equipment purchasing, and technological advancements in experiential retail, fresh food markets, green innovation, health technology, immersive entertainment, incubators, and professional service industries.
“Our Small Medium Business Growth Fund is an important tool for helping local businesses stay and grow in DC,” said Mayor Bowser. “Local businesses keep our neighborhoods vibrant, they employ DC residents, and we are proud to support them in creating new opportunities for our city.”
The round-two awardees of the SMB Fund represent 33 businesses across several industries and include:
“Local businesses are the engines of innovation and creativity, and these awards will enable businesses to deliver innovative customer experiences and services that DC residents, workers, and visitors need and enjoy,” said Acting Deputy Mayor for Planning and Economic Development (DMPED) Nina Albert. “These awards are investments in our community and we’re focused on making DC the best place in the nation to start and grow a thriving business.”
Mayor Bowser launched the Small Medium Business Growth Fund in 2022. With today’s announcement, 96 businesses have received nearly $7 million under this program. Previous grant recipients represent a broad range of industries, including local manufacturing, restaurants, retail, technology.
The second round of the SMB Fund is administered by the Washington Area Community Investment Fund (WACIF) and is a competitive grant program that targets new and existing businesses. Eligible businesses for the second round of grant funding included:
For more resources and information on additional FY24 funding opportunities, visit obviouslydc.com.
Social Media:
Mayor Bowser Twitter: @MayorBowser
Mayor Bowser Instagram: @Mayor_Bowser
Mayor Bowser Facebook: facebook.com/MayorMurielBowser
Mayor Bowser YouTube: https://www.bit.ly/eomvideos
Your feedback is important to us. We use it to improve this website and District services, and it's always anonymous.
Was this page helpful?
Tell us what you think in our 5 minute survey.