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From: MHCDO <mhcdo.mhcdo@xxxxxxxxx>
Date: Tue, May 17, 2022 at 4:02 PM
Subject: Information Session
To: <info@xxxxxxxxxxxxxxxxxxxx>
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<https://mailchi.mp/mhcdo.org/information-session?e=adea14e9f5>
*Information Session: Small Medium Growth Fund Program*
Thursday, May 19, 2022 | 1 pm to 2 pm
Location: MHCDO, 3939 Benning RD NE
On Thursday, May 19 at 1:00 pm, MHCDO will partner with the Deputy Mayor of
Planning and Economic Development (DMPED) to host an informational session
on the Small Medium Growth Fund.
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=e1ced26170&e=adea14e9f5>This
in-person session will take place at 3939 Benning Rd. NE.
*Register Here*
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=f7dfd99dbe&e=adea14e9f5>
*SMALL MEDIUM BUSINESS GROWTH FUND (DMPED)*
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*
Opened: Friday, April 22, 2022
Closes: Friday, May 27, 2022 at 4:00 PM EST
*Access Application Here*
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=d7418c08c3&e=adea14e9f5>
*More information: *
- *Get Small Medium Business Growth Fund Ready*
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=001b15adb0&e=adea14e9f5>
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*
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=79a466b389&e=adea14e9f5>
.
*Online Application*
For the application process, applicants will submit proposals using the
online grant management system at: *GrantVantage - Application Process*
<https://mhcdo.us6.list-manage.com/track/click?u=d0eca40c53a03f9f658166f64&id=77ff43e6b7&e=adea14e9f5>.
- Applications will be submitted online through the GrantVantage system.
Applicants will be required to follow a series of steps to submit their
application:
1. Create an Applicant Profile
2. Answer applicant questions
- Applicants will send technical support questions to GrantVantage at
*applicantsupport@xxxxxxxxxxxxxxxx* <applicantsupport@xxxxxxxxxxxxxxxx>.
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
*SMBGrowthFund@xxxxxx* <SMBGrowthFund@xxxxxx>
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