DMPED’s H Street, NE Retail Priority Area Grant Awardees Announced
Four Local Businesses Selected For First Round of Funding
Director, Research & Communications
Washington, DC Economic Partnership
January 23, 2012
On January 10th, four H Street retail businesses were awarded grants as part of the first round of awards for the Office of the Deputy Mayor for Planning and Economic Development (DMPED)’s H Street, NE Retail Priority Area Project Grant. DMPED created the program to support small business development, increase the tax base and create new jobs for District residents along the H Street corridor by boosting daytime retail. The Washington, DC Economic Partnership (WDCEP) aided DMPED in the promotion of the grant program to the business community along the H Street corridor.
Businesses that were considered for grant funds were retail businesses that engaged in the sale of home furnishings, apparel, books, art, groceries, and general merchandise goods to specialized customers. Eligible applicants were required to have site control of street-front property on the H Street NE corridor between 3rd Street and 15th Street, and occupy retail space no less than 1,200 square feet.
A total of $330,400 in grants was awarded to the following businesses in the first round:
· Stan’s Inc., a clothing store that provides uniforms for DC agencies, $85,000
· The Studio Group, a Bikram yoga studio, $83,400
· H Street Care Pharmacy and Wellness Center, a local pharmacy, $82,000
· The C.A.T. Walk Boutique, a clothing store, $80,000
Those businesses that missed the first round could submit their application by the second deadline which passed earlier this month. The winners of that round will be presented in March of this year.
For more information on the Washington, DC Economic Partnership’s programs or marketing opportunities, please contact Andi Joseph, Director of Research and Communications at email@example.com.
# # #
It is the mission of the Washington, DC Economic Partnership, a 501(c)(3) nonprofit organization to promote business opportunities throughout the District of Columbia and to contribute to business retention and attraction activities