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Find similar grantsVitality Fund-Growth Fund Grant is sponsored by District of Columbia: Office of the Deputy Mayor for Planning and Economic Development. Supports local entrepreneurs and small businesses establishing or expanding operations in the central business district to create jobs and enhance economic vitality.
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New Vitality Fund now available to support business attraction and expansion in DC - Washington DC Economic Partnership New Vitality Fund now available to support business attraction and expansion in DC As DC begins to welcome back both office workers and visitors, the Office of the Deputy Mayor for Planning and Economic Development (DMPED) has expanded the eligibility criteria for the Vitality Fund, an incentive that assists businesses within targeted sectors to relocate, expand, or remain in the District.
Beginning October 1, 2022, new eligibility criteria will broaden the scope of the fund and ease requirements for interested businesses. Eligible businesses will include those with 25 full-time employees or more that lease or own at least 7,000 SF of space in any District location for a minimum of five years.
The fund will support businesses involved in the following key sectors: Communications & Marketing Businesses will be required to have employees be onsite, in the aggregate, for at least 50% of work hours and will have the option to either implement a workforce development program for District residents or commit to spending at least 5% of annual contracting with local businesses.
Successful applicants will be awarded a discretionary grant that can be used for a variety of purposes including initial startup capital, operational costs, down payment assistance, rent subsidy, tenant improvements, workforce training, and recruitment and hiring costs. Download Vitality Fund Overview The Vitality Fund incentivizes growth in a city that offers several key amenities for its office users.
Office tenants throughout the District enjoy easy access to the region’s highly talented and diverse labor pool, multimodal transit service, and many options for casual and destination dining, hotels, and meeting venues. If you are interested in learning more or applying, reach out to Audrey Pok, VP of Business Attraction, for further information.
According to the current listing, eligibility includes: Small businesses in the District of Columbia. Confirm the full requirements in the official notice before applying.
The current listing shows up to $551,131. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Vitality Fund-Growth Fund Grant is funded by District of Columbia: Office of the Deputy Mayor for Planning and Economic Development. Verify program details on the funder's official page before applying.
This opportunity targets applicants in District of Columbia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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