Councilmember Anita Bonds’ Bill Designates “Good Hope Road” a Retail Priority Area
July 2, 2014
Last month, Councilmember Anita Bonds (D- At-Large) introduced and passed an amendment to the FY 2015 Budget Support Act 2015, designating Good Hope Road, SE a Retail Priority Area. This amendment allows small businesses residing on Good Hope Road – from Anacostia Drive to Naylor Road SE – to join a number of economic corridors eligible to apply for and receive grants awarded by the office of the Deputy Mayor for Planning and Economic Development, through one of the TIF Funding Sources.
Retail Priority Areas are designated by council and allow businesses to compete in grant initiative programs like the popular Great Streets Program. Great Streets grants may be awarded to new or existing businesses for upgrades, including façade face-lifting, developing businesses and the creation of jobs.
“Jobs creation and increased opportunities of DC residents to enjoy a portion of city’s continued prosperity are priorities in FY 2015 Budget. This amendment allows one of our underdeveloped economic corridors an opportunity to earn much needed assistance that has greatly benefited a number of similar corridors throughout the District,” said Councilmember Bonds.