On Monday, June 2nd, 2014, the Deputy Mayor’s Office for Planning and Economic Development (DMPED) released it’s latest business incentive district and fund – The Digital DC Tech Opportunity Corridor and Technology Fund.
The Digital DC Tech Opportunity Corridor is a designated technology corridor that has been identified to bolster the District’s burgeoning technology sector. It spans several blocks from the intersection of 7th Street NW and New York Avenue NW (the Convention Center) to the intersection of Kansas and Georgia Avenues NW (the Petworth neighborhood) and overlaps the boundaries of the Great Streets program, an existing grant program designed to transform emerging corridors into thriving and inviting neighborhoods. The corridor is situated at the edge of a cluster of existing tech companies in Chinatown, including Optoro, Living Social, Blackboard, Social Tables, and many others. It also offers the amenities that many tech entrepreneurs require, including: affordable office space; a variety of transportation options; and access to highly-skilled talent employed by high-tech businesses.
Digital DC Technology Fund (DDCTF) is a $1 million catalytic fund and customized mentorship program dedicated to promoting the success of early and growth stage technology ventures in the District. This fund will offer non-dilutive grants ranging from $25,000 to $200,000 to companies that locate within the boundaries of the tech corridor.
This month’s Map of the Month shows some of the office space currently available within the boundaries of the newly-established Digital DC Tech Corridor (according to CoStar and current as of 6/3/14).
The Washington, DC Economic Partnership provides site location assistance for retailers and small businesses looking to locate within in the District of Columbia and are happy to provide custom-tailored assistance for your business. Contact Matt Kruczlnicki at firstname.lastname@example.org for more assistance with your business’ site location assistance.