JPMorgan Chase & Co. Announces $10 Million Investment to Drive Inclusive Growth in Underserved Washington, D.C. Neighborhoods Long-term investment focuses on skills building, minority-owned small business growth, neighborhood revitalization and financial health primarily in Wards 7 and 8. September 25, 2017 (Washington, D.C.) – JPMorgan Chase & Co. today unveiled a $10 million, three-year investment to […]
Big philanthropists flock to D.C.’s Bridge Park project to battle gentrification By Jonathan O’Connell September 25 at 5:00 AM The proposed 11th Street Bridge Park that would cross the Anacostia River continues to inspire big-name philanthropists to write big checks to revitalize some of the District’s poorest neighborhoods, and help low-income residents prepare should an economic turnaround arrive. The […]
Building Up DC’s Local Entrepreneurs New Accelerator and Incubator Work to Close the Income Inequality Gap BY CHRISTINE RUSHTON Entrepreneurs seeking support opportunities for their small business in DC can now add two new resources to the list: the Ascend Capital Accelerator and the In3 Incubator. Both programs align with the city’s and Mayor Muriel […]
This new effort to fund minority businesses has big-name backer, ‘real teeth’ Mike Smith believes the future of renewable energy fits inside a lunchbox. Now he’s finally getting the means to realize that vision. His minority-owned facilities management company, District-based Smith & Sons LLC, is moving production of its lunchbox-sized eHub50 solar power generator and […]
A New Accelerator Sets Black Business Owners up for Success by Sarah Trent | March 30, 2017 The wealth disparity between Black and White Americans is widely documented—Black households across the country average about one tenth the median net worth of White households. In Washington, D.C., that gap is more like a chasm: White households […]
Working for Yourself at 50-Plus A New AARP-WACIF Program Supports Older Entrepreneurs By Christine Rushton December 2016 Community members who are 50 years old and up can soon get free help starting their own business venture in the District. A new “Work for Yourself at 50+” pilot program will launch in December through a partnership […]
‘I could immediately imagine people dancing and leaping’ By Sarah L. Kaufman August 12, 2016 The listing described a former taekwondo studio on an empty floor above a furniture store. Diana Movius was intrigued. As a choreographer weary of the constant hunt for rehearsal space, she had an eye out for bargain real estate. She […]
D.C. community investment fund hopes to double loan pool in next couple years The Washington Area Community Investment Fund Inc.’s loan fund could double — from $3 million to $6 million on its balance sheet — in the next two or three years, a potential boost to the pool of capital available to small businesses […]
Capital Kombucha bubbly over growth D.C. own kombucha producer, Capital Kombucha, is growing, thanks in part to a recent $20,000 investment from the Washington Area Community Investment Fund (WACIF). The funds have helped the ‘booch bottler bring on four new employees, two of whom were part of D.C.’s Department of Employment Service’s Project Empowerment, a […]
Business startup program aims to reduce unemployment in DC by Kaitlynn Hendricks Tuesday, May 14, 2013 Kenny Brown, a single dad who has been unemployed for more than four years, finally feels like he’s getting back on his feet. With the help of the nonprofit organization Enterprise DC, he’s starting an interior design and home […]
Treasury Department gives $10.1M to D.C.-area development organizations Eight Washington-area community development organizations have gotten $10.1 million in awards from the U.S. Treasury Department’s Community Development Financial Institutions Fund. The organizations, which specialize in helping revitalize low-income and distressed areas, were part of the $175 million round of funding — the largest ever for the […]
A Hand Up: In the U.S., microfinance gives the smallest businesses a chance to grow Tim Flanagan strolls the streets of the Washington, D.C., working-class neighborhoods where he works and points out businesses that were launched with his help — a yoga studio, a falafel house, even an environmental engineering consultancy. In each case, a small loan from his […]
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