- Entrepreneurs should fall into one of the two below:
- Entrepreneur seeking to implement sustainable practices, materials, and/or energy efficiency installations
- Entrepreneur executing projects in sustainable or green economy industries (ex. EV charging, retrofitting, waste management)
Funding Restriction:
- DC resident or small business (focus on Ward 5, 7, 8 but not exclusive to)
The Green Growth Fund is an innovative financing initiative designed to promote sustainable economic development and environmental stewardship. This fund offers tailored financial solutions to small businesses that contribute to reducing energy consumption, resource use, and greenhouse gas emissions. Specifically, the Green Growth Fund offers a lower barrier to entry lending product up to $250,000 to ensure accessibility for underinvested small businesses.
The Sustainable Boost Grant is a unique feature of this fund, providing an additional layer of financial security and flexibility to borrowers. This grant component demonstrates the fund’s commitment to supporting sustainable practices while addressing the practical financial challenges that businesses may face. The grant will be made available upon full repayment of the loan.