Previous/Closed Business Funding Programs
COMMERCIAL PROPERTY ACQUISITION FUND
The Commercial Property Acquisition Fund provides eligible businesses with down payment assistance of up to $500,000 or 25% of the sale price, whichever is less, for the acquisition of commercial property in the District. Businesses must be eligible to be an equity impact enterprise. An equity impact enterprise is a resident-owned, small business that it is at least 51% owned by an individual who is, or a majority number of individuals who are economically disadvantaged or have been subjected to racial or ethnic prejudice or cultural bias. Businesses must also complete a mandatory training program in order to apply for the Fund. DMPED is partnering with City First Enterprises to administer the Commercial Property Acquisition Fund. For all inquiries related to the Fund, contact: CPAF@cfenterprises.org
STATUS: CLOSED
Frequently Asked Questions (FAQs)
DC LOCALLY MADE MANUFACTURING GRANT
The DC Locally Made Manufacturing Grant is for qualified small business and real estate developers whose core business aligns with light manufacturing. The grant will support capital or tenant improvements of commercial property with designated industrial use located in a Great Streets corridor.
View more information and apply here.
STATUS: CLOSED
Opened: March 14, 2025
Closed: April 14, 2025 at 11:59 PM ET
EMERGING RETAIL INITIATIVE
DMPED announces the Emerging Retail Initiative (ERI), an innovative program designed to transform vacant spaces into vibrant retail hubs by supporting emerging businesses. The Program draws inspiration from concepts used in the successful Vacant to Vibrant initiative by applies them through a retail-focused lens.
View more information and apply here.
STATUS: CLOSED
Opened: March 14, 2025
Closed: April 14, 2025 at 11:59 PM ET
GREAT STREETS RETAIL GRANT
The Great Streets Retail Grant program is the hallmark grant opportunity for the Great Streets program. The grant is meant for retail small business owners in eligible corridors throughout DC to renovate their storefront to attract new customers and drive profitability. This grant is competitive, and we encourage businesses that have thought out renovating plans to apply for the grant.
View more information and apply here.
STATUS: CLOSED
Opened: March 14, 2025
Closed: April 14, 2025 at 11:59 PM ET
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