Mayor Gray Touts Small Business Capital Improvement Grants
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LANHAM, Md. (CBSDC) — D.C.’s latest set of Small Business Capital Improvement grantees, announced last week, anticipate the creation of 200 new jobs, Mayor Vincent Gray said in his weekly radio address on All News 99.1.
The most recent recipients, 29 small businesses across the city, received a total of more than $2 million for improvements and growth.
“These grants – which ranged from $20,000 to $85,000 apiece – are a critical component of our citywide Great Streets Initiative, which helps us build the District’s economy, bolster our local businesses, build our tax base, and create jobs and amenities for District residents,” Gray says.
The Great Streets Initiative began in 2006 as a way to transform under-utilized corridors, and has awarded 67 grants totaling $4.7 million.
The 11 eligible corridors are:
- H Street and Benning Road NE
- Georgia Ave NW
- 7th Street NW
- North Capitol Street
- Rhode Island Avenue NE
- Bladensburg Road NE
- Connecticut Ave NW
- Nannie Helen Burroughs Avenue NE
- Pennsylvania Ave SE
- Minnesota Ave NE
- Martin Luther King, Jr. Avenue SE and South Capitol Street SE
A year ago, only one corridor served by the program. The list of eligible businesses has expanded to include fitness clubs, veterinary clinics, home-goods stores, auto-repair shops and photography studios.
The grants “are another way we leverage public investment to help bolster growth in the private sector,” Gray says.
He notes that every resident and business should have access to the opportunities and tools they need to thrive and grow, “no matter where in our city they are located.”
Listen to the Mayor’s full address here: